Credit Suisse has decided that something is a amiss in the housing sector this morning and cut the ratings on the group. They are listed below. DR Horton (DHI) Cut to Neutral.…
Credit Suisse has issued a new coverage rating systems for its homebuilder universe. These are some of the calls we saw in the sector: Centex (NYSE: CTX), DR Horton (NYSE: DHI), and…
The housing market in Brazil operates in a what which is beyond the wildest dreams of US homebuilders. The sector has very little leverage. A number of government programs help people obtain…
Lehman Brothers has initiated coverage of some key homebuilders this morning: DR Horton (NYSE: DHI) started as Overweight. Hovnanian (NYSE: HOV) started as Underweight. KB Home (NYSE: KBH) started as Equal-Weight. Lennar…
If you have been watching homebuilders of late, you’ll notice a sharp disconnect between the headlines still coming out and the stock prices of many homebuilders. The move today is partly attributed…
We have been pretty critical of the ratings agencies not being on their toes and calling on things far too late. In fact, I have been an anti-fan of theirs all the…
Not many stocks are likely to double. Even well-run companies like Cisco Systems (NASDAQ:CSCO) are not likely to move 2x even with great results. The market caps are already too large and…
Everyone keeps predicting one or more of the large US Homebuilders is going to implode because of their overbuilding and inability to sell new units at their old highly profitable margins. Most…
Biogen Idec (BIIB) announced an alliance with Neurimmune Therapeutics to develop treatments for Alzheimer’s Disease.BJ’s Wholesale (BJ) $0.35 EPS vs $0.33 est.Blue Coat Systems (BCSI) $0.30 EPS vs $0.24 est.; sees next…
DH Horton (DHI) reported a net loss for its fourth fiscal quarter ended September 30, 2007 of $50.1 million, or $0.16 per diluted share. The quarterly results included pre-tax charges to cost…
Douglas A. McIntyre DH Horton (DHI) reported net sales orders for the fourth quarter ended September 30, 2007 of 6,374 homes ($1.3 billion), compared to 10,430 homes ($2.5 billion) for the same quarter of fiscal…
Douglas A. McIntyre The housing situation in the US may be getting bad enough so that one or more of the major home builders could face Chapter 11, especially if the downturn goes deep into…
The National Association of Realtors monthly Pending Home Sales Index for August came in at 85.5, Month on Month -6.5%, and Year over Year -21.5%. This is perhaps the worst data on…
We had two pieces of news today in the housing sector, and neither one of which were given a cheer. KB Home (KBH) issued earnings today and the losses were wide, but…
Vonage Hldgs (VG) After losing case to Sprint (S), the company loses an appeal against Verizon (VZ). Falls to $.89 from 52-week high of $7.89. Pulte Homes (PHM) Endless fall for home…
