SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Value Investing
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Michael Burry who wrote (8287)9/17/1999 11:58:00 AM
From: Cary Chubin   of 78867
 
Michael,

Re:"homebuilders don't look so great with all the debt and no income."

Earnings at the bottom of the last cycle: (1990-91): Lennar $13.7M, Pulte $29.7M, Toll Brothers $3.7M, Kaufman & Broad $26.5M. Revenue declines: Lennar 34%, Pulte 6.5%, Toll Brothers 18%, Kaufman & Broad 36%. Debt levels at or less than last recession.

Cary Chubin
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News