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Ryland Group Inc. Message Board

  • buy1997 buy1997 Jan 26, 2000 1:34 PM Flag


    I think the stock price is telling us that the
    current quarter is going to be well below First call's
    current estimates. I expected that the switching of
    coasts for the HQ would cause a stalling of activity and
    potential lowering of the stock price, pending the end of Q
    reporting what kind of one time charges the company will
    take in association with that move. Bottom line,
    however, I would not expect the change of coasts to
    otherwise make as much difference as in most industries,
    since the product is houses and those are not made at
    the HQ. Not like most high tech firms, for example,
    where brains are key elements of a firm and people
    might not move with a company's HQ could cause major
    problems. How far the dip goes is the difficult thing to
    judge, but I expect the co to at least post $3/share
    this year after charges and I cannot imagine it will
    remain below a PE of 8 after the current uncertainty is
    resolved. I am not backing up the truck more presently, but
    am watching closely. At time of writing, the stock
    is at 17 15/16.
    By the way, I first got in this
    stock about three or four years ago at 13 7/8, at which
    time the dividend was 60c/ share. They are making a
    lot more money now, and the div was reduced over 70%.
    At the time of the reduction the balance sheet was
    in need of being strengthened and so it was
    appropriate, but that does not appear to be the case now. I
    would favor a significant increase in dividend to at
    least return something in the short term to
    shareholders that have not had anything to cheer about

40.83+0.27(+0.67%)Sep 30 4:01 PMEDT