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To: Dale Baker who wrote (46550)	6/2/2006 9:36:06 AM
From: sjemmeri	Read Replies (1) \| Respond to of 118717

That 29 % of couldn't have sounded correct even to a housing bear. It had to be a missing word 'below'.: Pulte Homes Provides Update on Current Business Conditions and Earnings Guidance Pulte Homes, Inc. (NYSE:PHM) announced today that preliminary net new orders for the two months of April and May 2006 totaled 6,447 units, which is approximately 29% percent below the comparable two-month period of 2005. Based on the slower sales pace, the Company now expects that unit settlements for the year will range from 44,000 to 46,000 homes and that gross margins from homebuilding settlements will be approximately 21%. Given current business conditions, the Company expects full year earnings in the range of $4.70 to $5.00 per share, including second quarter earnings of $0.85 to $0.95 per share. The Company will provide complete operating and financial data as part of its second quarter earnings report scheduled for release on July 26, 2006. "Buyer demand through April and May has been below expectations and below prior year levels," said Richard J. Dugas, Jr., President and CEO of Pulte Homes. "Current demand varies by market, but overall it continues to transition after an extended period of stronger sales. Demand has been impacted by a number of factors including an increase in available inventory of new and existing homes, higher cancellation rates and higher interest rates. Given constrained land supplies and favorable population trends, we remain positive on the long-term demand conditions for the industry, but believe it is appropriate to adjust shorter-term expectations given the current sales environment."

To: Dale Baker who wrote (46550)	6/2/2006 4:34:46 PM
From: Carl Worth	Read Replies (1) \| Respond to of 118717

this time a homey warns and it goes down, so it's clearly not safe to go back into the water yet <g> separately, cramer had been calling himself dr. UNH for months, basically giving 7 thumbs up to the stock as his best idea...now that the stock has dropped from like 65 to 43, and bounced to 47, he says it's a sell because it's going back to 43...i wonder where he said it was a sell before, one of those cramer watch sites probably knows he also extolled PG for months as a tremendous buy due to their purchase of gillette and how much leverage that would give them with WMT, etc., said there would be huge cost savings and people just weren't understanding the great synergies, etc. blah blah blah...now on today's stop trading waste of time noiser he says it's going down to 50 and it's probably better to buy kimberly clark, so apparently at some point he lost interest in PG as well...he doesn't think they overpaid for gillette, but investors seem to think so, so might as well sell the stock...there's some good thinking, the sheep are doing such and such, so let's be sheep too compared to his radio show, where i think he by and large helped the people who listened, this kind of nonsense isn't going to do anyone any good...it's almost like he is turning into the people who could have used his help, instead of them turning into better investors...the fear and greed he should be helping them avoid is instead taking over his "investment" opinions maybe we should start using him as a contrarian indicator, when he gives up on a stock, it's probably time to buy it <g>