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  • Lennar Earnings Preview: We Like It Better In The $20s, Preferably The Mid-$20s [View article]
    Wouldn't it make sense for homebuilders to spend all their cash on lots when they're experiencing strong demand for their product?
    Sep 24, 2013. 02:56 PM | Likes Like |Link to Comment
  • The Bottom For The Builders May Be In, Part II [View article]
    From the Q2 June 2012 earnings call:

    "Our net income for the quarter increased to $787.8 million, or $2.22 per diluted share, which included a non-cash tax benefit of $716.7 million from a reduction of the valuation allowance for our deferred tax asset."
    Sep 16, 2013. 01:09 PM | Likes Like |Link to Comment
  • The Bottom For The Builders May Be In, Part II [View article]
    Is there a reason why Pulte is trading at a PE over 20 and a P\BV of nearly 3? That stock doesn't seem to have been hit nearly hard enough when TPH which has pretty decent prospects has been hammered pretty hard.
    Sep 12, 2013. 08:17 AM | Likes Like |Link to Comment
  • 4.5% Mortgage Rates For The Remainder Of The Decade? [View article]
    Wouldn't that mean they just rent instead?

    That would still support some demand for new housing stock as even landlords and investors need replacements for worn-out properties.
    Sep 11, 2013. 02:36 PM | Likes Like |Link to Comment
  • The Housing Market Lurches Lower [View article]
    So what was up with yesterday's rises?
    Sep 10, 2013. 04:31 AM | Likes Like |Link to Comment
  • This Stock Could Pass GM, Ford By 2013 [View article]
    How does buying assets on the cheap hurt GM?
    May 24, 2012. 08:14 AM | Likes Like |Link to Comment
  • General Motors: Earnings Beat But Potholes Still Abound [View article]
    This article seems to treat GM from the perspective of a short-term trader looking for a quick one-year profit rather than a long-term business owner.

    Europe is soft but will eventually be fixed. The results there will gradually become relatively less important as other markets grow.The Volt has become a political punching-bag but it was never a product the company had bet it's future on. GM has a lot of options for buyers wanting fuel-efficient cars.

    There are other car companies out there with better product lines and better management. But none of them are available for a PE of 5.00 with the cash and low debt levels that GM has. The pension situation will also work itself out over the long-term as newer employees join on terms far less favourable than older ones. I have a small position in the company and will gradually add to it if weakness persists. I see excellent prospects for a sure-fire profit over the next three to five years.
    May 4, 2012. 05:40 AM | Likes Like |Link to Comment
  • General Motors: A Strong Play For Value Investors [View article]
    It had $23 bln in negative book value in 2009, $-7 bln in 2010 and $-912m in 2011.

    It would be a worry if the company was not making profits.
    Apr 4, 2012. 03:36 PM | Likes Like |Link to Comment