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
$25.96 |
Change
0.680(2.69%) |
Mkt cap ! $16.76B |
Open | High | Low | Value | Volume |
$25.54 | $25.96 | $25.09 | $46.71M | 1.804M |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 3437 | $25.82 |
Sellers (Offers)
Price($) | Vol. | No. |
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$25.96 | 12469 | 3 |
View Market Depth
No. | Vol. | Price($) |
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2 | 886 | 25.740 |
1 | 4070 | 25.730 |
1 | 900 | 25.710 |
1 | 811 | 25.700 |
1 | 704 | 25.690 |
Price($) | Vol. | No. |
---|---|---|
25.960 | 5501 | 1 |
25.980 | 6540 | 3 |
25.990 | 4300 | 2 |
26.000 | 30 | 1 |
26.010 | 1891 | 2 |
Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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Last
$25.84 |
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Change
0.680 ( 2.25 %) |
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Open | High | Low | Volume | ||
$25.56 | $25.89 | $25.10 | 534987 | ||
Last updated 15.59pm 31/05/2024 ? |
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