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OK, so it's been a year.

On 2/10/2005, HOV was at $56.50

On 2/10/2006, HOV is at $44.62

Looks like it peaked at $70-something in July.

Yes, I was just noticing that it had been a year and you beat me to the punch. Haven't looked at their statements but you get to the crux of the situation with the stock price. I agree it was a good one to avoid, and the negative cash flow is what drove us both away. I don't mind the negative cash flow so much as the lack of an explanation for it.

CAT flowie does indeed move all around from as high as 10% to as low as 0% of below. And it appears to be seasonal somewhat, though I have to admit I haven't checked on it in some time. I suspect with CAT it has to do with their financing deals somehow.

As for HOV and the housing market, I agree with you again. I think the "burst" is largely overstated, but I wouldn't be surprised to see a growth decline. As long as the supply of houses is lower than the demand, prices will hold or go up. In California especially, due to regulations, supply has very little chance of ever meeting demand even as people leave the state for greener pastures.

So how about we meet here in yet another year to see how our rejected baby is doing?

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