Benj Gallander's Comments on PHM Today
According to stockchase.com, Gallander had this to say about PHM: Always had some misgivings about this company given how popular it was. From what he has read, revenues were up $21 million last year, and were predicting $175 million this year, with the future of $1 billion. If that isnt pie in the sky, he doesnt know what is. If a company grows that much, you have to question what is the margin and what is the bottom line. Usually, if this is done by taking over other companies, they often run into problems. In this case, they did a stock offering in May, and within 2 months the 2 principals sold all of their 13.4 million shares. That leads to a lot of questions. If he were the OSC he would be all over them. Recently they bought some shares back, and he hates to see when a company offers shares and the insiders immediately Sell. Doesnt feel that is morally correct. (Not sure this info is correct. Bill.) He would be very, very wary of this company.