New PHM management is an old PHM with a twist The CC, though I waited with anticipation , did not clarify how valid issues that need to be addressed with any clue. How the wide spread in branches shall be efficiently operated under one single umbrella or central office. Hoyt, as presented here, is still a CEO in training for a a growing public company. MD is still doing the promotion like he did before (and that he should try hard to gain back confidence from the investment community). So fundamentals stay as what we all know with no outstanding improvement. I cannot see how some people in this board can say sp of $1 by the end of September and $1.5 at the year end. I would say the sp stabilizes at best and goes range bound from here. Lip services from the CC like the previous ones. Period.