in response to your questions:
1). jury is
Would dispute your term "tech crap"
though. That stuff they're paying 800 P/E for is
generally good stuff. Only problem is, they are paying 40
times too much for it.
What's going on here ? The stock market has beat
these housing stocks down to nothing ! There are only
1. The housing market (and
economy) is going into a major recession and the market
2. Wall Street is made up of a bunch of
idiots that would rather pay 800 P/E for some tech crap
rather than companies that actually make $$.
for either # 1 or # 2. Is that your final answer??
Be absolutely certain that you ask for the
manufacturer of and the type of siding on your
is notorious for the use of
Siding in Houston. Please
to learn about Ryland homes in the Houston area. I
live in one. I would never buy one again!!
RYL is one of the homebuilder stocks this bottom
feeder is looking at. They got above average on the JD
Power surveys. They are at a nice low P/S and P/E
ratio. Their debt looks a little higher to me than
similar ones, although all of these companies seem to
have similar debt levels.
Their revenue growth
is pretty flat, despite that they seem to have a
good reputation. I guess when you get that big, you
aren't working in just the high growth areas, you are
Anyway, on the whole RYL looks
interesting, I will probably buy some, but I think I'll do a
little more homework first.
We at the National Alliance Against Construction
Defects(NAACD)Homeowners would like to here your stories and about any
future problems. Join us at the National Alliance
Against Construction Defects(NAACD)Complaints Forum at
We are building a Ryland home in the Dallas area.
The quality has been good so far. Just an FYI...we
waited 8 weeks to get drywall. We should be closing in
the next 4 weeks, but it seems like they are having a
difficult time getting materials here in our area.
NEW YORK, Aug 11 (Reuters) - Warburg Dillon Read
analyst John Stanley said on Wednesday that he raised his
rating on Kaufman & Broad Home Corp. <KBH.N>, the
nation's largest home builder, to strong buy from buy.
Stanley also raised his rating on Ryland Group Inc.
<RYL.N> and Pulte Corp. <PHM.N> to buy from hold.
Stanley said Kaufman & Broad's stock has underperformed
the group this year, while earnings prospects have
improved due to the late 1998 acquisition of Lewis Homes.
Stanley set a 12-month price target for K&B of $40, based
on a price/earnings ratio of 11 and projected
forward earnings of $3.50 per share.
He said that
while Ryland has outperformed the sector by 3 percent,
he projected favorable margin surprises due to
changes in company management and home designs.
Pulte has performed in line with the home building
group, Stanley said, but his estimates have increased
relatively faster due to favorable margin surprises driven
by the company's refocusing on costs.
Stanley downgraded shares of U.S. Home Corp. <UH.N>
and Crossmann Communities Inc. <CROS.O> to buy
from strong buy because both builders have
outperformed the sector.