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Ryland Group Inc. Message Board

  • buy97 buy97 Apr 27, 1998 12:21 PM Flag

    Precipitous drop . . .

    Earlier this month, Ryland beats estimates quite handily, and the stock is trading in the 28 range (trailing 12 month
    earnings of $1.54 put that at a PE of 18, now it is only 13). Suddenly, it drops like a rock and is currently trading at about 20. It
    is down over 20 percent in one and a half trading days, and yet there is no published explanation that I am aware off. Clearly,
    there is some news out there, but I tried calling IR earlier today, and could not get a person, I will post again if they return
    the call. Anyone know what has happened? Thanks.

 
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