REH is back to a more normal valuation. Though hopefully the US expansion will not become one of those ill fated forays that Australian companies make overseas. Though it should be noted management are on a level above most other companies who have attempted the overseas expansion.
The 30 year loan rate on a new house build in the US is up around 6% now (in November 21 it was 3%). There will definitely be a downturn in US housing. How big it is and how much it impacts REH is the question? For now I have chosen to do nothing, my default position when in doubt.
PS although I sold out around $25 (as posted in HC forum) unfortunately I reinvested the money in a SP500 index fund. So I have only lost 20% of my money instead of half. The smarter option would have been to keep the money in cash as some other posters on this thread did after selling.
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Last
$26.98 |
Change
0.370(1.39%) |
Mkt cap ! $17.42B |
Open | High | Low | Value | Volume |
$26.87 | $27.18 | $26.87 | $5.849M | 216.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 799 | $26.98 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$27.04 | 97 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 937 | 26.650 |
2 | 966 | 26.380 |
1 | 20 | 25.620 |
1 | 796 | 25.180 |
1 | 496 | 25.170 |
Price($) | Vol. | No. |
---|---|---|
27.040 | 97 | 1 |
27.200 | 370 | 1 |
27.220 | 20 | 1 |
27.270 | 186 | 1 |
27.500 | 1546 | 2 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
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