That was Mark Goodman, who took it over after his father Ned Goodman retired. Ned was brilliant from what I can tell, he built the business and gave shareholders something like 15-16% per year. I didn't realize there was a second handoff, but you are still with a new management team.
It has been awhile but I was under the impression that Ned built the business up using financial services. He ultimately sold that business to one of the big banks. I am okay with the home building as it's a traditional business and you are competing against smaller operators but where is the evidence that they are exceptional resource investors? Isn't that where they blew up the company? Seriously, this company has been an incinerator of capital, I would not invest more without really understanding what they are buying and feeling like the odds are tipped towards me. In the past you had Ned's reputation but what is there now? $30 -> $1. My perspective is, prove it and then maybe I think about it.