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Meritage Homes Corporation Message Board

  • hebert_art hebert_art Sep 5, 2008 10:36 AM Flag

    unemployment rising - nobody to buy a ...


    Get the hell out of housing stocks now. You know its going back to the low teens. sell and buy back lower

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    • Beat the Dart agrees with you. "September 8, 2008, 3:06pm ... SHORT Meritage Homes Corporation (MTH) - last $27.00. MTH engages in designing and building single-family attached and detached homes in the southern and western United States, while offering homes for a range of homebuyers, including first-time, move-up, luxury, and active adult buyers in 12 metropolitan areas in Arizona, Texas, California, Nevada, Colorado, and Florida. Subjective Probability model (SPM) within GREED & FEAR Formation suggests selling pressure after major move. Soft leader in weak marke . Fundamentals are marginal and further weaknesses do not justify stock price. Short term move to $24 likely."

    • I agree that this is overbought, but unemployment is a lagging indicator while homebuilders are a leading indicator.
      The last of the really bad 3 year arms are about to adjust. By next spring all of the worthless paper will be flushed.

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