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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Paul Senior who wrote (19772)10/6/2004 10:30:17 PM
From: Spekulatius  Respond to of 78628
 
re PHM and homebuilders. I don't know if the homebuilders are a short but they are certainly not "investment grade" for me". The lack of FCF and dividends, the aggresive earnings projections going forward and the reckless speculative boom in the Las Vegas market (8% concentraton of the business and 15-20% markdown for houes i one scoop) are big questions marks, IMO.