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To: flint who wrote (156020)3/17/2002 10:29:57 AM
From: orkrious  Read Replies (1) | Respond to of 436258
 
4 months ago I stated home builders will survive just fine. It's the home owners and the lenders that will get sacked.

interesting argument. in my neck of the woods there are still plenty of developments being built. I am sure the builders have committed substantial amounts of their own funds. when the houses don't sell and the developments ceased being "developed" these guys are going to have a difficult time getting their money out.

I was right.

You think four months elapsing shows you were right? Check back in a couple of years.



To: flint who wrote (156020)3/17/2002 4:51:18 PM
From: LLCF  Read Replies (1) | Respond to of 436258
 
<FWW home builders earnings can be cut in half and they
would still be way out ahead of the S&P. >

In a world where one is worried about failures you many be right... but if on average homebuilder earnings fall by 1/2, don't you worry, so will the stocks and probably more.

DAK