Fri, Oct 31, 2014, 2:29 AM EDT - U.S. Markets open in 7 hrs 1 mins

Recent

% | $
Quotes you view appear here for quick access.

Beazer Homes USA Inc. Message Board

  • master_charlie_chan master_charlie_chan May 22, 2003 3:10 PM Flag

    $80 (Eighty)

    Wow wEEEEEEE
    Here we come!!

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • <<There are never LT contracts with suppliers, workers of municipalities. >>

      I didn't say "worker of municpalities" I said "and municipalities". I don't know about the Denver environs, but I do know on the east coast development approvals are often given as long as some units in the approved development are designated "affordable".

      <<It is only logical, and inevitable. the-dim-bulb should know that BZH and the other big HBs almost don't have "high fixed costs and... workers.">>

      Centex has over 5,000 employees in the Home Building area. Now I don't live near any Centex "neighborhood" as I'm not in the sticks, but I understand Centex built around 22,000 houses last year. That's a lot of managers, less than 5 houses per manager. These aren't finance and materials guys, these are the employees of the division that does homebuilding.

      <<Just as soon as housing prices stop their unrealistic ascent, however, it will no longer be a profitable venture. Either that, or "this time is different." In 1975, R.J.Kelley, office manager at PWJ&C brokerage house, told SHORTY those were the most dangerous words in the English language.
      Perhaps "this time is different." >>

      If it's different this time, then about 68% of all American are going to be rich. During the dot-com bubble it looked like merely half of all households could get rich.

      I have a fixed rate mortgage, and a own a house in a hot housing market. I think my short is well protected if Easy Al Greenspan decides to keep shreding the dollar. If it is different this time, I'm net long housing, so I'd make out just fine even with a short homebuider position.

    • <<<<Where [is] "luckikazi?"" >>

      I am here. I just have not had a lot of value to add tot he conversation, and so have been quieter. Seems like this board is getting fairly boring. FWIW: That was not a "classic blowoff" which some are consfusing with a ;key reversal." And neither is required to put in a major top. (But it would be nice to see such an absolute call to action).
      OT: Got some AO_PA on Friday. Think the time might be right to begin to accumulate. Wary about going net long at this juncture, though.
      Also, MT_PA, one of my previous calls, deferred on Friday, but fell hardly at all. MAintaining my expectation that MIR_PA and AES_PC will cross soon.
      Party on, dudes! And let us be grateful on this Holiday weekend. Many gave all that we might argue about these essentially meaningless things. Party on dudes! But Somebody Tell Wayne to remember.

    • <<<
      <<CTX builds in Denver because that's where the customers (buyers) are. >>

      My guess is

      1. It has a lot of long term contracts with suppliers, workers and municipalities

      2. It overpaid for land and needs to shed inventory

      3. It has high fixed costs, and has to keep its workers building. This will be the
      problem with all the public builders.<<<
      >>>>
      Nah. Once a builder establishes a "presence" he generally will stay until he begins to lose a lot of money. First, there is a cost associated with even beginning a presence. Then he has a large land inventory (at whatever acquisition price) to work off.
      There are never LT contracts with suppliers, workers of municipalities. Jst a lot of inventory to turn, and a lot of infrastructure to abandon. And so they overstay. It is only logical, and inevitable. the-dim-bulb should know that BZH and the other big HBs almost don't have "high fixed costs and... workers."
      I don't epect there is even one hammer-swinger employed by CTX in Denver market. They can buy that labor cheap enough. They basically sub out the entire house. All the HBs do. As an example, a major builder I know of in the DC region has a "construction supervisor" at each development (actually, they usually coordinate several developments simultaneously), and maintain no other on-site staff, ex sales. There is perhaps a dozen or so people at the regional office. They don't buy hammers. They don't own hammers. They just sub out the carpentry on the "A" model, the "B" Model, etc. So their fixed costs are remarkably low. It is a great formula. SHORTY has always maintained that is a geat value-added business. Just as soon as housing prices stop their unrealistic ascent, however, it will no longer be a profitable venture. Either that, or "this time is different." In 1975, R.J.Kelley, office manager at PWJ&C brokerage house, told SHORTY those were the most dangerous words in the English language.
      Perhaps "this time is different."

    • Hey alex: these shorts are no smarter than the 2000 longs. They don't recognize "momentum". Such a pity!!! You are right: the bell tolls for them: as wayne said. Where are "Kodiak" and "luckikazi" and all their alter egos??? (aka, second, third, etc, screen names)

    • Nice try but here's a clue.

    • Huh Sharky? Are you saying you aren't slaughtered yet, as in you haven't covered yet? Where are you short from, the low $60's? Looks like you are shark soup, whether you realize it or not. I'd call that slaughtered.

    • Not slaughterED Alex, you're not porky enough for me yet. However, I might weigh you in next week.

      Oink oink!

    • ----------------------
      doesn't mean that new homes aren't needed in "hot" markets like Austin, Las Vegas, Colorado Springs, San Diego, etc
      ----------------------

      Take Colorado off your list. What a BS !!!!!! Prices dropped 20% over last 2+year in Denver county. "Republic of Boulder" is the only place where the prices are high. You know why ? They do not build any more in Boulder.

      Have a good holiday.

    • A typical dot com company pre collapse had a PE's above 50, often above 100. The PE of this company is 7.52. The EPS of a dot com were usually non-existent, they didn't make money. The EPS of this company 11.20.

      Don't see how it relates to this situation.

    • <<CTX builds in Denver because that's where the customers (buyers) are. >>

      My guess is

      1. It has a lot of long term contracts with suppliers, workers and municipalities

      2. It overpaid for land and needs to shed inventory

      3. It has high fixed costs, and has to keep its workers building. This will be the problem with all the public builders.


      I'm sure you can get a more agreeable answer to this issue from the company. They have no incentive to deceive you.

    • View More Messages
 
BZH
17.88-0.07(-0.39%)Oct 30 4:06 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.