Originally Posted by
Maverick
Winner, you are right.... of course! While I was so focused on all the data and reading today, I mistakenly lumped together in my head "build amount " being the same thing as " sale amount". So totally my stuff up as you patiently pointed out. So retro looking at your and my numbers SUM have (or will) built 900 hundred units over the last two years and sold only 700 of those at a decreasing rate, as per your chart.
Despite the growing number of empty units I`m still happy with all my assumptions in predicting an EPS in 2018 of at least 48 cents.
The possible reasons for the accumulating empty units are many. The only one of these reasons that could be permanently damaging to SUM (and the whole sector) is oversupply and I am comfortable from my own research that is NOT a concern for at least a decade. All the other remaining reasons for empty units can be rectified by either time and/or any body under a little bit of pressure, so I see no concern that the growing empty units is a permanent or irreversible trend.
Still happy to hold and will sleep well tonight after going through the numbers thoroughly today.
Thank You Winner69 for taking the time to offer your "sale graphs."