Analysts SANDBAGGING Centex???
As this blog is written, current consensus estimate for CTX is a loss of $2.20 per share this quarter. The low estimate is a loss of $3.70 per share.
WHAT A JOKE!!!!!!
There is a better chance of FloridaBuilder wearing no name shoes and taking a shih tzu for a walk than CTX only losing $2.20 per share. As a matter of fact, it is likely CTX will lose over $8 per share and very possible over $10 per share. How can that be? How could CTX lose 4X to 5X MORE than a bunch of supposedly professional analysts and a little ole CAPs blogger get it right.
Remember, a bunch of these analysts work for the banks that actually make loans to HBs. Don't ya think they have access to information that gives them a clear picture of fundementals. But, at CAPs, we have FloridaBuilder, our boots on the ground 24/7 RE reporter. Hmmmmm. A bank that actually makes loans and has hundreds of employees working in the area and is privy to the actual results of the builders or FloridaBuilder.
MY MONEY IS ON FLORIDABUILDER ANY DAY OF THE WEEK!!!!!!
Well we ain't there yet, we will have to wait a few weeks for the actual results. They could be shocking. My ballpark guestimate of a guess based in in part that accuracy is impaired due to FloridaBuilder's current literary strike is that CTX will lose $8.40-$10.10 per share.