Looking at the Hovnanian Investor Presentation ($HOV)
Hovnanian gave a presentation at the JPMorgan Homebuilding and Building Products Conference last week. There was a fascinating section called "Potential Liquidity Management Levers":
- Enter into model sale leasebacks
- Sell excess land
- Issue equity for cash or debt
- Enter into additional joint ventures
- Enter into land banking deals
- Limit started unsold homes
- Delay/reduce land purchases and takedowns
- Reduce land development spending
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