Of spin mth is going to come out to justify for their horrific numbers.nothing can save them now... Not even a halt in interest rates. If the fed stops, there will be a run on the dollar and so goes the reserve status of the dollar, and the hb will still be dead.i hope the fed will announce a stop in the increase, then it'll be the final nail in the hb coffin!lol....
Texas saved this report from disaster. Orders in CA are down 50%. And new orders are down YoY (and QoQ).As you say, the company is looking forward to fewer sales, less cash, lower ASP and lower margins.
I'm not up to speed with MTH (but, short CTX and RYL)...did MTH aquire any smaller competitors in the past year (or that internal growth reported)?
these guys should report anytime now....sheesh, its after 5 already.whats the problem? Got something to hide by waiting for AH to shut down?i gotta a feelin its a bloodbath and that the existing homes robbed the new homes market. Also the mild winter weather and a 60-90 day delay skewed the existing homes sales data.I could be wrong, but I don't think so.
Blowout earningsSo-so orders--Texas strong, CA,AZ weakerLower Debt/CapHuge ROIC