Hovnanian Enterprises: Lower Mortgage Rates And Quick-Move-In Homes Imply Undervaluation
HOVHovnanian Enterprises(HOV) Seeking Alpha·2024-09-16 23:20

MoMo Productions Hovnanian Enterprises, Inc. (NYSE:HOV) continues to deliver impressive net sales growth driven by decreases in mortgage rates. In my view, a further decline in the interest rates, curated "looks" packages, and the company's quick-move-in homes strategy could bring significant free cash flow generation in the coming years. I also think that the recent decrease in the total amount of debt, growth in the number of assets, and free cash flow growth may accelerate the demand for the stock, and p ...