D.R. Horton Profit Plummets
January 23, 2007 5:36 PM ET
"DALLAS (AP) - Fresh reports from two large builders added to signs that the housing market is still sinking, but home-building stocks rose as D.R. Horton Inc. beat Wall Street's grim expectations."
"Horton, the nation's largest homebuilder by deliveries, said earnings fell 64 percent in the last three months of 2006 and orders fell, too."
""We're about 12 months into this slowdown," CEO Don Tomnitz said. "Most of these downturns are longer and deeper (than expected), and right now we don't see anything on the horizon that would change that opinion."" Full Article.
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3 comments:
All I can say to that is, "WTF"?
I just don't get the stock markets.
I just don't get the stock markets.
President Bush talked about adding a measly 100,000 barrels of oil per day to the Strategic Petroleum Reserve. Oil jumped 4.7%. WTF!?
On the TSX, I've noticed if oil goes up, the TSX goes up (because oil went up) and if oil goes down, the TSX still goes up (because oil went down).
"WTF?" is right. It's just a game, and the more I read, the more surreal it is all becoming.
"WTF?" is right. It's just a game, and the more I read, the more surreal it is all becoming.
You got that right, and we are but pawns. RE is just another board.
It's on account of so many expecting "The Rapture".
...splish, splash, I was Jim Jones, movin' and groovin' with The Son of Sam...
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