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Non-Tech : KBH - Kaufman & Broad Home -- Ignore unavailable to you. Want to Upgrade?

To: Ted The Technician who wrote (6)	8/8/1999 11:10:00 PM
From: Ted The Technician	Respond to of 7

A step in the right direction. Looking for KBH to quickly digest its recent acquisitions. Better to spend the money buying itself rather than buying other companies. From Yahoo: ====================================================== Thursday August 5, 8:30 am Eastern Time Company Press Release SOURCE: Kaufman and Broad Home Corporation Kaufman and Broad Announces Stock Repurchase Program LOS ANGELES, Aug. 5 /PRNewswire/ -- Kaufman and Broad Home Corporation (NYSE: KBH - news) today announced that its Board of Directors has approved a stock repurchase program of up to 2.5 million shares, or approximately 5.2 percent of the Company's outstanding common stock. Shares will be purchased from time-to-time in the open market subject to market conditions. The Company currently intends that repurchased shares will be used to fund the Company's obligations under employee compensation and benefit plans, including satisfying previously established stock option, stock purchase and other plans. ``Given our strong financial performance and our continuing confidence in the Company's earnings growth potential, we view our stock as an excellent investment opportunity and our repurchase program as being in the best interest of our shareholders,' said Bruce Karatz, chairman and chief executive officer. Kaufman and Broad Home Corporation is expected to be the largest homebuilder in the United States in 1999 based on the number of homes delivered. Headquartered in Los Angeles, the Company has operating divisions in California, Nevada, Arizona, New Mexico, Texas, Colorado and Utah and is also one of the largest homebuilders in France. Except for the historical information contained herein, certain of the matters discussed in this press release are ``forward-looking statements' as defined in the Private Securities Litigation Reform Act of 1995, which involve certain risks and uncertainties, including but not limited to, changes in general economic conditions, materials prices, labor costs, interest rates, consumer confidence, competition, environmental factors, and government regulations affecting the Company's operations. See the Company's Annual Report on Form 10-K for the year ended November 30, 1998 for a further discussion of these and other risks and uncertainties applicable to the Company's business. SOURCE: Kaufman and Broad Home Corporation