the stock is up huge and there is no sales growth..all accounting tricks on earnings
What the hell are people thinking buying this stock.....they had a huge tax benefits check come in during the quarter...that is how they beat estimates. revenues were down year over year...people talking about a housing recovery play.......this is a joke....accounting tricks and no growth...cramer is not rigourous on this one......strong sell
I think the entire alleged housing "re-boom" is a mirage. Housing demand might be going up, but its starting base is about as bad as it could be. Plus there's an artificial factor creating this demand - equity firms like Blackrock that are buying up properties and making them rentals. This is not the typical "American Dream" housing demand.