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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: shades who wrote (47765)	1/26/2006 9:49:03 AM
From: John Vosilla	Respond to of 306849

Shades, does Grande think MTH bounces even to the 50 dma? Meritage Homes quarterly income jumps 97% BOSTON (MarketWatch) -- Meritage Homes Corp. late Wednesday said fourth-quarter profit rose 97% from the year-ago period, driven mainly by higher home closings. MTH56.63, -1.57, -2.7%) said quarterly net income was $102 million, or $3.53 a share, compared with $51.8 million, or $1.88 a share the prior year. Eight analysts surveyed by Thomson First Call had forecast earnings of $3.15 a share. Analysts had seen homebuilders' quarterly profits rising, but investors are closely watching orders for new homes as signs point to softening in some of the hottest housing markets. Earlier this month, Meritage shares took a hit after the company said unit orders grew a modest 1% on weakness in California and Nevada. See previous story. Meritage, which closed down 2.7% on Wednesday, is the last of three large publicly owned builders reporting quarterly results this week. marketwatch.com