Pros
Not enough Pros to comment
Cons
First, pay attention externally. Their stock is trading dangerously close to their all-time low. Look at the other nationals (LEN, PHM, MTH) all trading at several multiples of their 2008 range lows. Why? Why does the BOD allow this to continue? I would submit the behavior and sophomoric management style of the CEO, combined with his "fake goal" of 2B10 (don't goals usually have commitment dates? Not 'we will sell $2B.....eventually') have driven this company first up in 2009, then spiraling down now. He is the largest revenue-killing CEO in the business with his nonsensical Friday "I love to hear myself talk for 90 minutes" meeting, unproductive metrics, and a team that is afraid to cross him. Most of the Senior Leadership Team is ill-equipped for their roles and couldn't survive a week at a leading competitor, but the CEO likes to be surrounded by scared, incompetent, overworked minions. Meanwhile, the competition has zoomed by this organization in every way. One competitor once described the CEO and CFO as "One sees the glass as half empty and the other thinks he invented water." On the ground, you will work hard for little to no gratitude for a disgruntled boss that will probably be fired next month. It's kind of like hell with a paycheck and an occasional "culture" event where people pretend to like each other and like they all aren't out interviewing already. In short, the absolute worst company I've ever witnessed, let alone work for.