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Meritage Homes Corporation Message Board

  • caislost caislost Jul 28, 2005 11:30 AM Flag

    obviously

    there's accounting fraud going on here, even with the perfect storm conditions these numbers are absurd.

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    • My puts have quadrupled up today.

      Turns out my bet was right on the money.

    • Absolutely! You are way ahead of the game. MTH has vaulted from $3 to $93 in a matter of 5 years. A 31 fold increase! I think everyone is forgetting that this is a CYCLICAL company. The last time the bottom fell out of the company it dropped from $7.88(10/91) to $.66(12/93)! For those of you who can do simple arithmetic(I'm beginning to think most MTH shareholders can't) that's a 92% DROP! It's only a matter of time before this POS falls back into the single digits. The housing market is so inflated that Greenspan has been commenting on it every week. Even as Nasdaq 5000 Greenspan wasn't worried, but he's worried about the current housing bubble? Smarten up, MTH is only worth it's current valuation if housing prices keep going up at this ridiculous rate forever. Pretty soon you'll have to be a millionaire just to own a shack in the ghetto. If you think that's going to happen, by all means load up on more MTH, meanwhile the smart money is in the process of selling. When the bottom falls which side will you be on?

 
MTH
45.10+0.17(+0.38%)Jul 31 4:05 PMEDT