Sell OffYes PHM was overvalued and sold off with the market but there were other factors too. They pumped it on BNN as a top pick and helped drive it up to be overvalued then dumped in time for May go away. Dalsin also dropped the ball to get CXV going and then dropped it again for LND. He at least completed the deal for sleet management to put these guys in control of PHM who will do a better job I think. But all at the same time we had the Greece effect and the China crash to scare the markets. Then insiders with their options. This is all slowly getting sorted out. Now we are undervalued and PHM wants to trend up again but is waiting to see what the new management has planned, what is the status of the loi's, present cross selling and earnings, tsx listing and share buy back etc. Once this is all out in the open we should trend up again.
N3