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Meritage Homes Corporation Message Board

  • galaxysportsinc Jul 4, 2007 2:46 PM Flag

    Thanks for all the input

    I just sold my huge stake in Indonesian Telephone that I bought just after the asian meltdown of 10 years ago. (800% gain) For some reason I am attracted to stocks out of favor so it makes sense for me to look into housing. This is some of my thoughts. Timing seems to be everything with this situation. We investors are no different than all the potential home buying waiting & waiting for the best deal. I also know that picking the bottom is very difficult. Bad stocks just go down and down. In addition, I think that these stock will see their bottom about one year before the housing market really shows strong turn. With MTH down in one month from about 36 to 26 I am now getting really interested but, like the homebuyer, I'm sitting on the sidelines for now. Speaking of recovery, I think we will see 2008 as stablizing, 2009 slight improvement, 2100 improvement, 2011 solid gains, 2012 heating-up. When these stocks turn they'll gain 30% in one month. I'm looking for a 300% to 500% gain in 5 years.

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