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Lennar Corp. Message Board

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  • bluestarromeo bluestarromeo Mar 24, 2012 7:33 PM Flag

    Dump this pig, It's no bank!

    On a purely technical basis, the monthly chart is showing a pretty clean inverted head with a double shoulder. The target is around $36. Lenny likes to dip into "investments" including distressed real estate, but also hedges, derivatives, tax credits, goodwill, FASB fun and other financial engineering we know nothing about. Maybe its a simple as when inflation kicks in and nominal values inflate, LEN will look really good. LEN has $5.86 in cash per share and is definitely a "big kid on the block" in terms of who will survive in this market when it all shakes out. Way too complicated for me. All I know is this chart looks way bullish and I am not stepping in front of a short train before earnings Tuesday. Good luck, everybody. I am long calls.

 
LEN
36.32+0.09(+0.25%)9:32 AMEDT

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