Judy Weil

Judy Weil
Contributor since: 2006
The typo has been fixed. Thanks for bringing it to our attention.
Best,
Judy
As noted above, the title was changed by SA, not by the author.
The title was changed by SA, not by the author.
The disclosure has been updated, thanks for your comment.
Please note that the disclosure was added in by our editors as we could not get a disclosure by press time. 'Disclosure: None' here means there was no disclosure given by the author, so he could very well be long- or not. We will update as soon as we receive a response from the author.
Hi Bill,
Believe it or not, this is the first time I actually read over my instablog and saw that you commented. So after apologizing for not responding earlier- I just thought I'd say hi and wish you a happy new year. Hope you are well,
All the best,
Judy
Please note new link above; the transcript of the interview is now available.
Enjoy
Reported them- thanks for your vigilance!
Dear readers,
I apologize for the misleading title. I chose it and not the author, and it was a poor choice!
Thanks for your feedback and my apologies to the author, Andy Zaky, as well.
Judy Weil
Opinion and Analysis Editor
Whoops- thanks for catching that! It's been fixed.
Dear readers,
There has been some confusion about this article. The author's original article referred to Seagate Technology, which is how we reprinted it here on Seeking Alpha. Thanks to our observant readers, we were notified that the author likely meant STEC, and that is exactly what happened. The author had changed it on his site, and so we did on SA. He has also provided us with a disclosure, which is now indicated at the bottom of the article.
Thanks for all of your comments,
SA Editor Judy Weil
Great article- interesting insight from someone who knows the currency markets well.
Thanks!
Fixed McKesson,
Thanks!
Hi Jan,
I've tested all three and they work for me. Maybe check your player? If not, perhaps try this link: www.marketwatch.com/vi...
Hope that helps,
Best,
Judy
Dear Readers,
The typos mentioned above have been fixed. We really appreciate your feedback and thank you for taking the time to note spelling and grammar mistakes. This sort of dialogue is one of the Seeking Alpha community's greatest strengths. Keep up the good work!
Dear Deehena,
It's available already: seekingalpha.com/artic...
Best,
Judy Weil
SA Editor
The mistake was ours, not the author's. Thank you for bringing it to our attention.
The title of this article has been changed to better reflect its subject matter. We apologize for the confusion.
Hey Jeff, it's fixed here, but you may want to check the feed as it is still off.
Thanks!
Judy
Fixed. Sorry about the mistaken tickers.
-Ed.
Hi Bill,
There are definitely signs of life. I wonder if California will be the state to lead us out of this slump? Are you seeing any more signs in Nevada?
Do you get the sense that the worst has passed there?
Appreciate your thoughts,
Judy
Hi Bill,
Nice to hear from you. Thanks for the illustrative info. I guess things aren't looking up just yet. Hopefully the standstill in construction will help balance the supply part of the equation soon.
ATB,
Judy
Hi Bill,
Interesting detail, thanks!
ATB,
Judy
Fixed, thanks!
Excellent, insightful critique. I use Barron's very often in my research, and they have some great calls and some not-so-great calls. A critical eye is crucial to individual investors because even icons make mistakes. Thanks!
Dear Schminkie,
No, as you can see from the article my intention is quite the opposite. Since it may be misconstrued, I'm going to change the title. Thanks for the feedback.
Judy
Dear Scimitar,
If you read the transcript, Weyerhaeuser execs say they have cut down on logging quite a bit. A good portion of their harvest came from the retrieval of timber that had been felled during storms and natural disasters. It seems what you say is accurate and will likely emerge more clearly as a trend in next quarter's results.
To read the transcript, you can click on the link in the article.
ATB,
Judy
Dear Bill,
Interesting comment. Are you seeing banks lower their prices on REOs or just builders and investors unloading what they have?
After seeing prices go down so drastically in many places, I keep wondering how prices could go down so much further as projected by so many economists and insiders. I think Schiller is expecting 10%-15% more declines nationally.

I've been wondering lately if maybe the hardest-hit areas like California, Florida, Nevada and Arizona, are starting to stabilize in terms of prices (sales are up in California and Fla.) and that maybe the further declines that are expected nationally will come from the places that have not been hit so hard yet, like New York, Seattle, and North Carolina, etc.
The fact that you are seeing (cautious) signs of a bottom in Nevada strengthens that idea-- but who knows?? There have been signs of stabilization before and then further declines.
Anyway, I appreciate your thoughts, as always,
Judy
Mcrem51 and Chipseal, glad you find this useful.
Dear Equity Has No Clue,
I'm neither long the homebuilders, nor trying to push up or down those stocks. I don't own, have not owned, nor am I short any of them. I am simply pointing out that the homebuilders mentioned above all noted an upturn in sales in January. I don't have the slightest clue as to whether this means the housing slump is turning or is just pausing for air before the industry slips further in to the doldrums.
The homebuilder executives themselves weren't certain. Pulte's, as mentioned above, doesn't see any improvement on the horizon, while Ryland's and Horton's were more positive on the general trend.
I once read an article on Seeking Alpha written by a housing analyst who said he was watching the conference calls of homebuilders. He said the moment they displayed any sort of positive data or noted any positive trends, then that would be the first indication of a turn in the market for him. I, of course, don't have any idea if that is true, but for those that do subscribe to that theory, then here you have the first signs of a positive trend.
Many of the articles that I have read on housing point to further declines ahead, so I would say one month's sales would be pretty risky to use as a bottom indicator.
The point of this article, and conference call excerpts in general is to highlight how much information we can glean from the free conference call transcripts that Seeking Alpha offers.
Whether you buy in to homebuilder-executive-... or not, the fact that this trend can be gleaned by simply reading all of their transcripts, which are free and easily accessible and don't take too long to read, is probably the most important part of this entire article!
All the best,
Judy
Fixed in the transcript as well. Thanks!
Dear BoTX,
Thank you for bringing this to my attention. It was apparently a case of misplaced punctuation by the transcription service. I've changed it on the excerpt here, and it will be fixed on the original transcript as soon as possible. I appreciate your feedback as we always aim to be as accurate as possible.
All the best,
Judy
Dear Adam Sharp,
Excellent point. SPG execs spent a great deal of time trying to convince analysts that things will be ok soon, Q4 was ok, they are well positioned, small retailers need SPG more than SPG needs them, etc., etc.
Will be interesting to see what happens.
-Judy