Forum Topics FBR FBR Media Coverage

Pinned straw:

Added 10 months ago

A press release from the Pulte group (PulteGroup (NYSE: PHM), one of the nation's largest homebuilders ) regarding FBR, not exactly sure where it is leading


https://newsroom.pultegroup.com/pultegroup-pilots-innovative-new-construction-process/

lastever
Added 10 months ago

It's not really new news, it's more that Pulte also benefited from promoting the trial. That building site is in some kind of 'eco-village' with solar panels etc so for Pulte it was a way to put eyeballs on their estate and show that they are cutting edge.

As to where it is leading, at this point it seems FBR don't know either. It'll be enough for a small SP bounce, but what kind of bounce remains to be seen. Day traders will be having fun.

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wonkeydonkey
Added 10 months ago

Yes an attempt to bottom out the share price perhaps?

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lastever
Added 10 months ago

@wonkeydonkey Frankly, FBR have quite a lot of practice at attempting to bottom out the share price.

I'm sitting this one for now. I honestly thought that CRV Ventures would not come out to Australia, watch the machine, and then pay for the machine to come to the US, and then dump it after 2 months of successfully building 10 homes exactly the same way it had done in Australia. That strikes me as a strange thing to do. But something happened, and we have been given no clue what.

Now FBR are desperate for cash and that either comes from someone taking a major stake (a controlling stake would be the best outcome) or another raise, which would go down like a lead balloon.

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pdevries
Added 10 months ago

Yes i watched with dismay the announcement that the option would not be taken up. Maybe timing wasn't right as sometimes happens. I saw something this morning on the amount of home in Florida for sale are increasing and not selling, may be just a myth but will do some digging. That could be a reason why builders would not want to be investing now. The tech looks good and does its job, it may have an opportunity in the rebuilding process in Gaza and Ukraine. I'm holding for now.

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wonkeydonkey
Added 9 months ago

Yes both florida and Texas have a hugh supply of houses for sale currently. It maybe a timing issue fbr have disclosed a mom with use on friday possibly another option

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