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LEN Analysis & Videos »
LEN: Bull or Bear?
Goldman Sachs Slashes Ratings Across Entire Homebuilder's Industry
LEN
+0.76%
in
22 days
(closed on 08/05/10)
Filed under: Analyst Upgrades and Downgrades, Stocks to Sell  Everybody has been wondering what was going to happen to homebuilders once the Federal government's tax credit expired at the end of April. Well, we're starting to find out, and the picture doesn't look good.
Goldman Sachs has downgraded the entire Homebuilders industry from Attractive to Neutral, dropped MDC Holdings Inc. (MDC) from its Conviction Buy List and dropped its price targets on 10 stocks in the industry.
And really, who can blame them?
We've seen new home sales plunge from 504K in April -- right before the tax credit expir...
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Cramer on BloggingStocks: You can't afford to be certain
LEN
+213.58%
in
1419 days
<>Filed under: Apple Inc (AAPL), Hewlett-Packard (HPQ), Ford Motor (F), Market matters, Walt Disney (DIS), International Business Machines (IBM), AT and T (T), 3M Corporation (MMM), Caterpillar (CAT), Schlumberger Limited (SLB), Citigroup Inc. (C), Johnson and Johnson (JNJ), JPMorgan Chase (JPM), Bank of America (BAC), Bed Bath and Beyond (BBBY), Best Buy (BBY), FedEx Corp (FDX), Verizon Communications (VZ), Lennar Corp'A' (LEN), United Parcel'B' (UPS), Anadarko Petroleum (APC), Wells Fargo (WFC), Stocks to Buy, Norfolk Southern Corp. (NSC), Union Pacific Corporation (UNP), <>Cramer on Blogging...
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low interest rates only works once
LEN
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+23.46%
in
68 days
(closed on 02/24/09)
The solution to housing woes is not to lower lending standards again, as the Fed would have us believe yesterday. In fact, this is the opposite medicine we need. What needs to happen is home inventories go down due to lower prices, or better use of the land (like farming). Why are new houses still getting built at all, unless built for billionaires?
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Lennar Corp.
LEN
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+233.82%
in
1801 days
Analysts'
Recommendation: | Hold | | 30 Days Ago: | Hold |
| | Analysts' Target: | $20 | <> <> | Analysts' Targets | | Credit Suisse | $16 | <> <> ...
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Bookkeeping: Morning Transactions
LEN
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+190.97%
in
1817 days
Tricky market right now - very oversold ("worst June since the Great Depression") and prone for some bounce but not doing so (I find that bearish). Sort of seems like a market where a lot of people would be willing to jump in, if it showed any real strength... but everyone is looking around the room waiting for someone else to go first. It certainly is not going to be me.
A few quick transactions
<><>Buy in Research in Motion (RIMM) - I had this as a 0.1% stake going into the week and bought a small splotch yesterday to get it to 0.4% but was targetting $120 to add anymore, but today it gapped ...
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Jim Rogers' Picks and Pans - Barron's Interview
LEN
+0.00%
in
0 minute
(closed on 04/13/08)
Barron's interviews investing guru Jim Rogers, who's gung-ho on China: <!--more-->
China is going to be the next great country. The 19th century was the century of the U.K. The 20th century was the century of the U.S. The 21st century is going to be the century of China.
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Lennar, Voodoo & the Year of the Living Dead!
LEN
-100.88%
in
1909 days
For those that wondered what my stance on Lennar is after raising cash through property sales and tax refunds, here is my update to the Voodoo analysis.
Summary
The worst housing slump in recent history has taken its toll on US home builders, with most of them reporting consecutive quarterly losses in the second half of 2007. Lennar, in particular, reported negative earnings for the fifth consecutive quarter in 4Q2007, witnessing a negative EPS of $6.08 compared with a negative $1.23 in 4Q2006. Its large inventory write-down of approximately $2.4 bn in 2007 along with losses on land sale ...
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Home builders sucked into credit crisis
LEN
-100.88%
in
1909 days
As the financial crisis spreads quickly from Wall Street to other industries, two large home builder projects have received default notices. The problems involve developments in Las Vegas, where house prices have collapsed.
A project involving KB Homes (NYSE: KBH), Lennar (NYSE: LEN), and Toll Brothers (NYSE: TOL) has failed to make interest payments on $765 million in debt.
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Did Homebuilders Finally Bottom? (DHI, TOL, LEN, CTX, HOV, BZH, XHB)
LEN
-96.36%
in
1911 days
If you have been watching homebuilders of late, you'll notice a sharp disconnect between the headlines still coming out and the stock prices of many homebuilders. The move today is partly attributed to Sam Zell's interview on CNBC saying this spring should mark the bottom in housing. The SPDR S&P Homebuilders (AMEX: XHB) ETF shares are up 6.3% at $22.56 today, and its 52-week low is $15.22.
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Nowhere Near a Real Estate Bottom
LEN
-153.77%
in
1920 days
3/10 - "The real estate bottom is so far in the future it’s not even worth attempting a prediction...It simply takes time for people to recognize that even real estate markets can fluctuate on the down side.
In general, this will always result in a real estate market that lags the general economy. Thus, anyone who accepts the preceding statement as reality should easily recognize the ridiculousness of predicting a real estate bottom when we haven’t even experienced the recession yet!"
"The banks don’t have a clue what’s going on, and these insignificant write offs we have witnessed to dat...
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Home Builders Take Another Knock
- To claim that home builders have had a tough year would be somewhat of an understatement. As evidence of this, released today was data on new home sal...
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Home-Builder Stocks Looking Extended
- Since the December 1st pivot date the entire stock market has rallied higher. Most industry groups have participated in the broad based advance. Often ...
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More Resources
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About Lennar Corp.
- Answers.com
During an earnings season when most stocks have beaten their analyst estimates, Beazer Homes (
Lennar
The past few years haven't been what you might call a happy time for shares of home building stocks. Consider that the 
