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
$25.35 |
Change
-0.170(0.67%) |
Mkt cap ! $16.37B |
Open | High | Low | Value | Volume |
$25.57 | $25.73 | $25.32 | $6.891M | 271.4K |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 4726 | $25.34 |
Sellers (Offers)
Price($) | Vol. | No. |
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$25.35 | 1541 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 2 | 25.330 |
1 | 1365 | 25.310 |
2 | 705 | 25.300 |
1 | 1365 | 25.280 |
1 | 1365 | 25.250 |
Price($) | Vol. | No. |
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25.350 | 1541 | 1 |
25.360 | 1734 | 1 |
25.460 | 705 | 2 |
25.470 | 3801 | 2 |
25.500 | 2395 | 2 |
Last trade - 16.10pm 04/06/2024 (20 minute delay) ? |
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Last
$25.34 |
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Change
-0.170 ( 1.05 %) |
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Open | High | Low | Volume | ||
$25.55 | $25.73 | $25.32 | 36047 | ||
Last updated 15.59pm 04/06/2024 ? |
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