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

To: Broken_Clock who wrote (57736)	7/14/2006 12:53:47 PM
From: Think4Yourself	Read Replies (3) \| Respond to of 306849

Hey, you're right! Hadn't even noticed that on their little map. I wonder how they are going to fund all of this development and service $6B in debt with less than $36 million in cash plus whatever profit they made selling their lending unit? edit: Just found this: Cash Flow Statement Operating Cash Flow (ttm): -933.14M Guess that explains why they sold the lending unit... they HAD to. May need to look into that debt and see if any of the rates are adjustable. Wonder what this year's land writedown is going to do to book value too. Suspect BV will get slammed with all the bubble market land they have.