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Strategies & Market Trends : Value Investing

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To: Michael Burry who wrote (8325)	9/21/1999 7:08:00 PM
From: Grommit	Read Replies (1) of 78843

Home builders -- LEN just reported. They met the EPS numbers of .72 with backlog strong, (but dropping by $93 million). Also announced stock buyback in separate Press Release. biz.yahoo.com Financial Highlights 1999 Third Quarter vs. 1998 Third Quarter -- Net earnings increased 30% to $45.5 million -- Revenues reached $819.5 million -- up 32% -- New orders decreased by 6% -- Backlog dollar value was $1.02 billion -- Debt to total capital ratio decreased to 46.2% from 55.3% -- Interest coverage improved to 6.6 times from 5.2 times... ............. I hope this is a good leading indicator of the other builders. I agree with you MBurry that CROS is irresistible at these prices. ROST is there also.

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