To: Amigo Mike who wrote (4520 ) 5/8/1998 6:06:00 AM From: LTK007 Respond to of 29382
SmartMoney talks about DHI and LEN--from Yahoo! board-- Next -> Message 332 of 333 Reply Smart Money nukecl1 May 8 1998 5:41AM EDT Dow Jones Newswires -- May 5, 1998 SMARTMONEY DAILY SCREEN: The Builders Break Out (Again) By Karyn McCormack SmartMoney Interactive NEW YORK (Dow Jones)--The market may be obsessed with interest rates these days, but don't tell that to home-building investors. The stocks have jumped more than 3% in the past week, following a 95% rise in the Dow Jones Home Construction index over the last 12 months. With the exception of the inflation hawks, few market watchers foresee anything ahead to dent the U.S. economy's steady economic growth. And that means more upside for the builders, despite a slip in March new-home sales. Little wonder that these stocks dominated this week's Earnings Revision Screen, despite a slip in March new home sales. Lennar Corp. (LEN), up 43% since we picked it in late November for our "Where to Invest in 1998" portfolio, showed up on the list after analysts boosted their consensus estimate 3.6% for 1999. D.R. Horton Inc. (DHI), another SmartMoney favorite, got a 4% bump for both 1998 and 1999. We think both of those stocks remain highly attractive. But another caught our eye this week: MDC Holdings Inc. (MDC), a Denver-based builder of single-family homes. Following 106% growth in operating earnings during the first quarter (excluding a onetime charge to pay down debt), analysts have boosted their consensus estimate by 9% for this year and 7% for 1999. For the next three to five years, Wall Street expects MDC earnings to grow 13% annually. DHI: Quote | Profile | Research This Is a Reply to: Msg 331 by Idolovejoe View Replies to this