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November 2007



Homebuilders Woes: We Are to Blame!

November 19, 2007 – Comments (12)

The National Association of Home Builders (the cheerleaders for the homebuilders industry) reports that confidence stayed at record low levels. According to a CNN Money article, NAHB chief spinmeister Brian Catalde knows who is to blame:   [more]



Homebuilders Mothballing?

November 15, 2007 – Comments (7)

Read this article in the WSJ (or this one if you are not a WSJ subscriber). It appears that LEN is mothballing the complete first phase of a development--259 homes--in Orange County (CA), because prices have fallen so low. TOL is effectively doing the same in certain markets by not reducing prices.  [more]



Retail to Underperform

November 14, 2007 – Comments (19)

OK, today is a big day for me. I just put my red thumbs down on everything retail. If this does not work out, my score will tank. If it does, it may propel me into the Top 100.  [more]



GM Writes Off How Much???

November 07, 2007 – Comments (5)

I cannot believe my eyes. $39 Billion. And their quarterly result is a loss of $68.85 per share. No, this is not a misprint: sixty eight and change!!! Can anybody explain to me why their stubs go for about 34 bucks? They are not worth a penny!   [more]



Banks to Underperform

November 05, 2007 – Comments (3)

As explained in an earlier blog post, I make most of my CAPS picks as sector picks: if I think a sector will underperform or outperform, I will pick many companies in the sector to underperform or outperform. Today I picked many of the banks to underperform. Just read this article if you want to know why Citigroup is in for a drop.  [more]