Rough Housing's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/97268/comments http://seekingalpha.com/article/101744-what-ryland-tells-us-about-housing-and-taxes?source=feed#comment-290409 290409
There are three general actions need to do in order to get cash: 1) borrow it (which will only make them highly leveraged) 2) sell assets (which this late in the game could sell as low as 60% of original value) or 3) generate it through their operations (refer to comments about margins - conversely, Lennar actually increased their margins in the past quarter to 18%). Ryland is doing none of these things well. Also keep in mind, that nearly 50% of their liquidity is from available credit lines according to documented sources

These are important considerations to keep in mind.]]> Sat, 25 Oct 2008 17:39:19 -0400
There are three general actions need to do in order to get cash: 1) borrow it (which will only make them highly leveraged) 2) sell assets (which this late in the game could sell as low as 60% of original value) or 3) generate it through their operations (refer to comments about margins - conversely, Lennar actually increased their margins in the past quarter to 18%). Ryland is doing none of these things well. Also keep in mind, that nearly 50% of their liquidity is from available credit lines according to documented sources

These are important considerations to keep in mind.]]>