first of ol this is de fafrote of jimmi cramer of home buiders,next wen i luk ad his charts its better than centex,or tol brothers + div,i poot egane price 27 because de home market is stil falling en this is e oppertunity to buy land to build later houses ,like kb is doing now ( i have that van jimmi)this stock can triple in e very schort perite.
KB Home constructs and sells homes in the United States. The company builds various types of homes, including attached and detached single-family homes, townhomes, and condominiums, designed primarily for first-time, first move-up adult buyers. It also offers mortgage services in a joint venture with Countrywide KB Home Loans. KB Home sells homes under various purchase contracts in Arizona, California, Colorado, Florida, Georgia, Illinois, Maryland, Nevada, New Mexico, North Carolina, South Carolina, Texas, and Virginia. As of November 30, 2007, it delivered 23,743 homes. The company was fo...
3/15 - "...already weakened firms could face a credit crisis of their own as home prices continue to drop and the potential value of homes under construction face going on the market for a fraction of what they may have brought just a year ago.
Some of the large home building company stocks have lost over two-thirds of their value over the last year, and that may only be the beginning."
Kicking them while they are down, I know, what a cop out... but the charts seem to show more downside ahead...and that last step is a doozy. Personally, I am playing this with spring of '08 puts that should yield a double if my dreams play out. A higher conviction player should go longggggg and bet for the break through of 20. I just don't have it. I fear it really is long in the tooth as an idea and that one day the value calvery will bottom this puppy out--and it won't be where I want it. But hey, I'm a wimp.
KB Home is a builder of single-family homes with operations in the United States and France. In the United States, the Company operates in Arizona, California, Colorado, Florida, Georgia, Illinois, Indiana, Louisiana, Maryland, Nevada, New Mexico, North Carolina, South Carolina, Texas and Virg...
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