SubscribeChartFest: Homebuilders or Ski Slopes?
June 21, 2008
The home-builders are really taking a shellacking. Pulte (PMH) and Toll Brothers (TOL) clearly look better than the others, though that is not saying much. There will be a couple of earnings releases next week which include Thursday’s release from Lennar (LEN) and followed on Friday by KB Homes (KBH).
We should get a better insight into how deep of a problem it will be for the next several months. I don’t have high hopes.. Do you? What are your thoughts? Are they coming back? Add a comment below…
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Disclosure: Horowitz & Company clients may hold positions in the securities mentioned as of the publish date.
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2 Responses to “ChartFest: Homebuilders or Ski Slopes?”
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As a retired 67 year old Building Contractor that has lived through three of these down cycles, it is my opinion that until the used home prices pick up it will be impossible for these Homebuilders to make money. I think you want to wait at least until 2009 to purchase shares in these companies.
[...] key players will share their earnings results. Have you seen the charts of these companies lately? Click for a good comparison. And after you take a peek, you might also wonder if they’re actually stock charts or ski [...]