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Meritage Homes Corporation Message Board

  • johngunn51 johngunn51 Sep 17, 2009 10:24 AM Flag

    New housing is still a crappy business

    And the stock is up 425% from it's low. They're still losing money. Very few new houses are selling and there is no pricing power as prices are low and margins are low. You can't live indefinitely on taxpayer handouts- rebates, look-backs on corporate profits, that's not right. And then is anyone seeing what's happened in the building materials and commodities sector last couple of months. Copper and zinc up 30%/lumber jumping. I just don't think mega housing builders are in a good place at all next few years, not at all. If I were Hilton, I would be selling stock and raising cash here, he's not being smart if he doesn't go through the window while it's still open. There really is not going to be much demand for the stock going forward, take away swing traders and short-squeezers. If they can sell stock here for 14-16, they are fools not to.

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    • The best part is you can go short MTH again. Take the easy money and ride it on down. The bull run can't last forever, and even it it does, homebuilders aren't going to ride with it.

      MTH will be at $15 or lower by end of year, more likely $10. Mark it.

 
MTH
36.70+0.33(+0.91%)May 27 4:02 PMEDT