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
$27.76 |
Change
0.390(1.42%) |
Mkt cap ! $17.93B |
Open | High | Low | Value | Volume |
$27.70 | $27.88 | $27.44 | $11.06M | 399.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1525 | $27.63 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$27.79 | 1525 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 30 | 26.500 |
1 | 37 | 26.340 |
2 | 684 | 26.000 |
1 | 775 | 25.950 |
1 | 80 | 25.750 |
Price($) | Vol. | No. |
---|---|---|
27.950 | 180 | 1 |
27.980 | 1513 | 2 |
28.000 | 7200 | 4 |
28.070 | 290 | 1 |
28.100 | 112 | 1 |
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