Stay Calm ..CC does not overpromise nor undelivered Well there is no surprise to the upside for sure. So the share price may dip a bit but should not be brutal and it will be in a bottoming process foe awhile to put your patience in check, in case you choose to long.
PHM is not a turnaround story but a story of from a high growth phase to a keep-in-sustainable growth phase. The management is working hard to try different path to achieve that. The conference call that I listened confirmed this. Any thing like listing to TSE and share buyback is not good enough to support a higher share price without a solid plan to execute the business to expand. What I am disappointed is the management gave no hints of a definite program for investors to digest. Good that they have good amount of cash to deplore when the profit margin still need to improve.
So PHM keeps investors some hope and yet some disillusion. On this note, I will stay long and will tolerate some limited downside side as mentioned in my last message. GLTA.