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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Ramsey Su who wrote (51208)1/24/2006 7:38:00 PM
From: russwinter  Read Replies (1) of 110194
 
CTX out, same pattern or solid profit margins (suggesting little 4Q price cutting?), pushing through closings, but higher inventories and slightly lower backlog. No cancellation data given.

inventories:
Sept 7,970 on 2,888.4 rev; 2.76 to 1
Dec. 8,673 on 3,003.6 rev: 2.89 to 1

profit margin:
Sept 29.2%
Dec 29.6%

Backlog:
Sept: 6,961
Dec. 6,752
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