I drank the Coolaid and I liked itRegardless of what is happening to the venture/tsx/canada in general, I am a firm long believer on this stock.
While I've flipped the living $h!t out of this thing over the course of 2015 (to the tune of a couple thousand dollars), I still maintain a core position in this stock that I believe has the potential for long term growth.
The numbers thus far have not disappointed and granted while the gross profits are low, I am well aware that most companies will be in the business of losing money for the first 3-5 years while they work to establish a foothold in the industry they are trying to penetrate.
In PHM's case, this market is highly fragmented and niche to say the very least. I think there is value in this particular company as they begin to ramp up and grow in terms of service offerings and credibility.
DnG screwed the proverbial dog with the share transfer fiasco. With Hoyt and Casey at the helm, having a proven track record with Sleep Management, I believe 2016 will be a solid year for those two to show the venture and Canada what they are able to do. I'm well aware that track records do not always promise future success, but there is comfort in knowing what they were able to do with Sleep Management (which is now a part of PHM and can be cross sold to existing PHM clients should a demand present itself).
I've gone on record saying that Canada, the TSX, and the Venture have gotten absolutely slaughtered this year. We haven't seen the TSX at levels like this since 2013. With oil on the downfall and money not being quite sure where to go, I think a common consensus will be to go with certainty: healthcare. The demand is constant and with the growing recognition of ailments that are now being covered by government programs and what have you, PHM positions itself nicely to benefit from this.
If you're in this for a quick buck, it's doable (believe me, I've had $1000 weeks with this stock in the past). On days where this thing moves 5-7 cents, you stand to make an easy $500-700 dolalrs. If you're good at it, that can add up over the course of 6 months to a year. I've pulled quite a bit of money from PHM and it's minions (CXV and LND) over the course of 2015 (to the tune of roughly $6000). I've got spreadsheets with dates to prove it should I be called out on my credibility. If you're in this for the long haul, assuming that management delievers on guidance, I think this company will grow well and could very possibly become a take-out target. As much as I dislike F.Taylor, he's not entirely off base with this hypothesis. If you were caught at the top with this stock and firmly believe in the model that this company operates under, I think this is a fantastic opportunity to cost-average down and set yourself up for a 2016-2017 rally.
While my contribution and TA regarding this stock has been mildly limited, I feel as though what I have contributed to this board has been relatively fair for the most part. I like to voice my rational regarding particular stocks. PHM is a stock that I have been fixated on (for lack of a better word) for quite some time now. I think it is positioned in the right sector given the macro effects and while it is a venture stock, has the potential to become something much more than just that. With DnG gone, it's not so much a spectical stock anymore and I think if the numbers continue to trend the way they have been, long and near holders of the stock are positioned to do well assuming they are smart about they way they play this particular company.
GLTYA and DYODD