Homebuilder Horton – Hold, Fold Or Double-Down?

Friday, July 26, 2013

Wednesday, everything seemed so right with D.R. Horton (DHI). Analysis had revealed a high quality, well-managed company. Then the excellent industry news ramped up sales and earnings expectations. Thursday morning, sure enough, Horton announced that it not only beat the average EPS estimate by 24%, but also exceeded the top of the analyst estimate range.

The result? The stock market rewarded D.R. Horton’s stock with a -9% drop.

So, what went wrong and what should we do next?

This article is published on SeekingAlpha.com


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John Tobey on Seeking Alpha

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