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  • biddermon_ca biddermon_ca May 2, 2007 1:39 PM Flag

    The question analysts NEVER ask

    The last rally in home builders in the fall was tied to hope that the spring sales would save the day and that the bottom was in. They were dead wrong, yet the funds that control the majority of the shares are now relying on the so called book value to support there position. They have no credibility left, that canard will be as well proven wrong.

    Can you imagine being that wrong at your job and still have one.

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    • <<<Can you imagine being that wrong at your job and still have one.>>>

      Heck, if just being wrong was the issue, that would be excusable.

      What if you intentionally deceived at your job, then what?

      Bacially, these guys are liqudating inventory at a loss. As they sell down specs, there will be little left to sell. Which HB will want to build a custom at a loss?

      Its like a rug store with a "going out of business" sign on the front door and these guys are recommending you invest in the rug store because somehow people are going to start ordering custom rugs again. The only problem is custom rugs can't be sold at a profit because every other rug store in town is also liquidating. In the end, its simply a race to which rug store shuts its door first.

      It is absolutely amazing the comments from the stock analysis of the homebuilders. If you want to really get a kick, take a look at HB's debt analysis. You would think that the debt analysts and the stock analysts are covering two different industries.

      Simply incredible.

 
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