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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (12868)	10/5/2004 10:40:52 AM
From: zonder	Respond to of 116555

That is very useful, thanks. I wonder why Merrill does not mention the others. Could it be that their business in the state is not in Las Vegas but elsewhere?

To: ild who wrote (12868)	10/5/2004 10:47:05 AM
From: Jim McMannis	Respond to of 116555

Who is MDC holdings? 18% exposure in Nevada. finance.yahoo.com "News from other homebuilders Tuesday could also lessen Pulte's impact. MDC Holdings (MDC:NYSE - commentary - research) reported an increase in third-quarter orders, affirmed its earnings outlook for the period and predicted a big earnings beat in the fourth quarter." thestreet.com ""Analysts and stakeholders will likely defend the homebuilders on the basis that the Pulte Homes shortfall is company-specific," Kass wrote. "They will be wrong, as the homebuilders are now a massive short opportunity. The price elasticity expressed by homebuyers in Las Vegas will soon be seen in other formerly hot markets." "