The company's stock price, earnings, and cash flows may not perform consistently with our expectations if housing activity materially deviates from our forecast. In addition, unexpected changes in related economic activity, consumer confidence, government regulations, M&A, and the company's liquidity may cause the shares to out- or underperform our expectations. Lastly, a number of quantitative factors could cause deviations from our target price, including the cyclicality/seasonality of earnings, stock price volatility, debt ratings, and mid-cap market capitalization.
If the impact on the company from any of these factors proves to be greater/less than we anticipate, we believe the stock will likely have difficulty achieving our target price or could outperform it.
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