Tagged: Home Builders

The Bear Case…

Before you bitch, this post hurts. It hurts because it is true. I am long nearly 100 percent and have no shorts positions. The best thing about this market has been that it has survived. It’s really not important in hindisght, just how. It just has. Hooray. The next best thing is David Tice and …

A Homebuilder Bankruptcy is Imminent

I have been in the market too long and I just know a homebuilder bankruptcy is coming soon. Here is what I wrote back in February and the meat is below: Homebuilders – The NEW Value Trap Five years from now when the homebuilding stocks are 20-30 percent lower and marking time, small investors will …

Homebuilders Cause Cancer?

Maybe the funniest line, not meant to be funny in tonight’s New York Times…’Still those results beat Wall Street’s expectations “. Let’s look at the results, shall we: Toll Brothers, the nation’s largest builder of luxury homes, said Wednesday that its third-quarter profit plunged 84.8 percent as the housing downturn and credit worries resulted in …

From Meltdown to Meltup

Man were the leaners and momentum shorts wrong. Somebody hates them. They are going to feel Like Steve Martin did below: No sooner does my post speculating about a housing bottom dry than Bank of America plunge protects Countrywide with $2 billion . I could care less about the financials and homebuilders because I don’t …

Hand Over the Keys….BIIITCH!

Like I have been saying about the banks and mortgage companies: You know how to MAKE the loans, you have no idea how to COLLECT the loans . (Hat Tip – Trader Mike ) For those that have timed and made money off this debacle, truly well done. Most have just written about it and …

A Day in the Life of a Homebuilder CEO

This just came to me via a trusted source…deepthroat: Morning – Fire people 10-4 – Talk to Analysts – answer same questions you did yesterday and day before. 4-5 – Fire a few more people, check closing stock price. Drink heavily. Imitation Vodka now. 5- midnight – Rework spreadsheets under new new new worst case …