RE:What sort of bull am I for PHM?People will be bulls or bears, no difference to me. At the end of the day the growth is forseeable using cash flow and cash on hand. Even if there was no organic growth consideration, they are in the business of buying business at 5 x trailing ebitda and should command a minum of 10 x ebitda valuation in a relatively recession proof business. The market share is small enough in such a huge landscape that there is very little fear of headwinds to growth anytime soon. In a world of uncertain economic growth, commodities under pressure and upstarts with no cashflow banking on binary outcomes, phm looks like a safe haven for the next couple of years. Not many places to find 50% quarter over quarter growth at 12 x forward Pe.