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 $25 (as posted in HC forum) unfortunately I reinvested the money in a SP500 index fund. So I have only lost 20% of my money instead of half. The smarter option would have been to keep the money in cash as some other posters on this thread did after selling.
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 40 | $25.58 |
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Price($) | Vol. | No. |
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$25.63 | 779 | 2 |
View Market Depth
No. | Vol. | Price($) |
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1 | 600 | 25.310 |
1 | 60 | 25.300 |
1 | 85 | 24.890 |
2 | 89 | 24.800 |
2 | 735 | 24.500 |
Price($) | Vol. | No. |
---|---|---|
26.000 | 422 | 2 |
26.200 | 747 | 1 |
26.300 | 110 | 1 |
26.350 | 500 | 1 |
26.620 | 534 | 1 |
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