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Strategies & Market Trends : Value Investing

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To: hoyasaxa who wrote (20589)2/3/2005 5:14:53 PM
From: Carl Worth   of 78682
 
homebuilders: it's only a matter of time until the stocks go down, at least for a while, but where from, and where to? the doomsayers have been predicting the "bubble burst" for 4 or 5 years, maybe longer

SPF, as an example, is up 5 fold in that time and currently trades at 72 with over 30 bucks in tangible book value and over 10 bucks in earning power...is it more likely to hit 90 or 50 first? i will keep my calls for a while and perhaps convert them to shares before they expire, since i think 90 is more likely...time will tell
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