Home builder sees no sign of market recovery, cuts fourth quarter earnings target again; write downs and asset revaluations will cause net loss.
By Chris Isidore, CNNMoney.com senior writer
January 2 2007: 10:18 AM EST
"Lennar (Charts) also said it has "not yet seen tangible evidence of a market recovery." And it announced it would sell much of its interest in a joint venture known as LandSource, which owns a major amount of undeveloped property near Los Angeles." Full Article.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment