jdub

Insider Buying Portends Better Times for Homebuilders? - Housing Market Tracker

Homebuilder stocks have been and remain over valued, and there isn't a bill that can save them. A few of the massive homebuilders, who have decent fundamentals anyway, will benefit, but the relatively smaller ones are over leveraged, swimming in unsold inventory, and unprofitable. Almost all of the indicators are negative: inflation, credit, cost of materials, foreclosure rate, consumer spending, etc. I don't claim to know what the insider buying means, but I'd be more inclined to think bail out for execs related to legislation or employment contracts rather than value.