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PulteGroup, Inc. Message Board

  • bigg_redd_rockett bigg_redd_rockett Apr 8, 2009 10:24 AM Flag

    Pulte and CTX. This is what one sees on Saturday Night Live.

    What a joke.

    Pulte buys CTX at a PREMIUM and now Pulte's liabilities are about 40% more than their net worth from what I have read this morning and the market is UP?

    This is surreal. A joke. Crazy. Nuts.

    This is NOT the sign of a bottom folks but of the last grasps of breath before final death.

    Short homebuildersa and prosper.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • too big to fail.

      on their own the government might let them fail. If they get much bigger, the Fed and Treasury may just well bail them out like the rest of the zombie companies. Poor tax paying bagholders.!

      • 1 Reply to digi051669
      • They build on shifting soil, but to add to the stupidity, they put truckloads of dirt on top of that expansive soil. When the rains came, the slope failed. It's as simple as that. Centex didn't pay attention to the engineer nearly as much as they should have, and now, the only way to stop the hemorrhaging is to buy the homes back in The Hills of Rivermist. Check out the Express-News in San Antonio. Keyword RIVERMIST. It only gets worse the further you read. Like a crime novel, only TRUE.

 
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