It is never good news when a home-builder sells a big portion of its real estate. Lennar (LEN) sold 11,000 home sites for $525 million. A company controlled by Morgan Stanley (MS)…
According to Reuters, a study by America’s Research Group says most shoppers will wait to buy until late in the month, looking for sales. Reutes writes that Nasdaq (NDAQ) has opened its…
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…
After reviewing the 52-week lows today, it was almost the same old trend we have been seeing day in and day out…. Lenders… Banks… Homes… and Consumer…What is obvious is that the…
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…
ACLI cut to Hold at Cantor Fitzgerald.ARRS cut to Mkt Perform at FBR.BKR cut to Neutral at Oppenheimer.BRCM cut to Mkt Perform at FBR. BZH started as Sell at UBS.CAKE started as…
Lennar posted earnings and as expected these were just ugly. The loss was $3.25 per share after charges, although this includes charges of $3.33 per share. Revenues were $2.34 Billion. Lennar’s home…
Lennar (LEN), one of the largest home-builders, reported a third quarter net loss in 2007 of $513.9 million, or $3.25 per diluted share, compared to third quarter net earnings of $206.7 million,…
Douglas A. McIntyre Circuit City (CC) After announcing weak financials, can’t get off the list. Down to $8.07 from 52-week high of $29.31. Standard Pacific (SPF) California homebuilder said it would stop paying a quarterly…
Stock Tickers: CTX, DHI, KBH, LEN, RYL, MHO, BECN, BLDR, MAS, XHB After a mid-day review of 52-week lows, there was one obvious group that makes this list now more frequently than…
Neurochem (NRMX) Continues to race for the bottom. On Monday, the company said its Alzheimer’s disease treatment candidate, Alzhemed, failed a late-stage trial. The NRMX says it has 15 to 18 months…
On today’s video from TheStreet.com, Cramer said there is definitive value on the land that has been optioned by homebuilders. All of those options from the last 3 years were bad, but…
This morning we saw earnings out of some of the key homebuilder stocks. These numbers are almost immaterial as they are sloppy and results are all over the place and as no…
STOCK TICKERS: ABK, ACA, BZH, LEN, DHI, RYL, CC, BX, FIG, FINL, HGSI, HSY, HW, JNY, NLS, REDE, TRMP, UBET, TZOO, WB The DJIA may have hit 14,000 earlier. A pullback here,…
