Does the new CFO have bad record?
KBH's balance sheet is much worse than others, and it's price to it's Book Value is too high. It's BV is $7.90 and KBH will slowly trend down to it's BV.
I agree with you but would expand to all of the builders that are trading above book. Interesting article compares the P-B of the builders today vs the last time they traded at these levels prior to 2005. I have included the link.http://seekingalpha.com/article/207263-homebuilders-a-closer-look-at-economic-and-fundamental-indicators