Damian Dovarganes / AP
A reduced price is posted on a home for sale in Los Angeles, June 13, 2007.
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Hovnanian shares Hovnanian Enterprises IncHOV
have come down from their high of almost $19 Friday, after getting a late-week boost from lots of speculation Warren Buffett might be interested in buying the beaten-back homebuilder as a value play. CNBC's Bob Pisani at the NYSE didn't think there was much to the talk, calling it a typical "slow Friday in July " rumor. Mad Money host Jim Cramer isn't a believer, either, saying Hovnanian is too small to be a likely Buffett target.
But the idea that Buffett might see value in the homebuilders continues to get some attention on the web. Sham Gad, a fan of Buffett's, writes on Motley Fool today that while he has no idea if Buffett really is interested in Hovnanian, it's still worth one's time to "pay close attention when you hear Buffett might be interested in a particular stock" .. and that means doing your own Buffett-style analysis to see if the supposed target might be a good buy.
