NOT in line. Earning miss. New order growth slowed from previous Quarter, even though its up a lot from previous year Quarter.
The housing market has been fantastic this year and this is the best Ryland can do ? How do yu think they will do in 2nd half and 2013, with political bickering and fiscal cliff. The builders have topped. No upside from here.
If you were a builder you would know the most important thing is growing sales in a market that is coming off bottom which they are doing-becareful going short when these builders are coming off bottom-this is not a 30 day cycle
I thought that the most important thing is having a good lobbyist to force taxpayers to pay TBTF homebuilder losses in hard times so they can drive small homebuilders out of the market and gain monopoly power...just like the TBTF banks.
The stock is higher than it was in the peak of the 1990s building boom. Ryland thanks the Best Congress that Money Can Buy for eliminating all the small builder competition while giving the TBTF large homebuilders huge taxpayer-funded bailouts. Lobbyists, not managers or builders, are the most important employees that the homebuilders have. Once again the government picks the winners.