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alstry (36.04)

Anatomy of the Shutting Down of America

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May 04, 2009 – Comments (6)

D.R. Horton is the largest residential hombuilder in America.

Sales in Q2 2007 were $2.5 Billion dollars!!!!!

Sales in Q2 2008 were $1.6 Billion dollars!!!!!

Sales in Q2 2009 were only $775 Million dollars!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Revenues for DHI were approximately 1/3 of what they were just a couple years ago......ONE THIRD!!!!!!!!  And that is after hundreds of small and midsize builders have gone out of business.

Car sales are tracking about half of what they were a few years ago.  Airline and hotel revenues are much lower.  So is commercial construction.....and talk to your architectNow government revenues are evaporating from MUCH LOWER tax receipts.....

Yes my friends.....Never in American History has our ecnonomy slowed so much in such a short periord of time.....we are less than two years into this and we are already over 17% unemployment.....Whoops....I better wait until Friday for confirmation from the Department of Labor.

Becareful of the Zombulator....the housing industry and auto industry in America has been zombulated......currenty retail and travel is in the zombification process.....just wait.....the Zombulator has its sights on healthcare and the government next........

 

6 Comments – Post Your Own

#1) On May 04, 2009 at 7:28 PM, hansthered0 (< 20) wrote:

We used to do a lot of work for DR Horton....used to.

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#2) On May 04, 2009 at 7:35 PM, SARG0N (27.24) wrote:

D.R. Horton is the largest residential homebuilder in America.

Sales in Q2 2007 were $2.5 Billion dollars!!!!!

Sales in Q2 2008 were $1.6 Billion dollars!!!!!

Sales in Q2 2009 were only $775 Million dollars!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Revenues for DHI were approximately 1/3 of what they were just a couple years ago......ONE THIRD!!!!!!!!  And that is after hundreds of small and midsize builders have gone out of business”

 

Sounds like green shoots to me, very bullish! DHI was up 9.14% today!!! The emperor's new clothes are wonderful, flawless, a beautiful thing to behold. Only those who are unsophisticated and simple minded can not see or appreciate it.

 

 

 

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#3) On May 04, 2009 at 7:35 PM, garrick1 (< 20) wrote:

Gloom and Doom. Gloom and Doom.  The sky is falling!

 

Make money!!!!

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#4) On May 05, 2009 at 1:39 AM, uclayoda87 (29.30) wrote:

 

alstry

A broken watch is right twice a day.  I suspect your time is near, but not today and probably not tomorrow.  But don't give up hope, I'm sure you'll be right because in the end, when there are no more profits to be made and few business are still left standing, the market will come to realize that they own stock in nothing and nothing is what it is worth.

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#5) On May 05, 2009 at 8:46 AM, alstry (36.04) wrote:

LONDON (MarketWatch) -- AK Steel Holding Corp. said Tuesday that its second-quarter operating loss will be wider than previously forecast due to disruption in the automotive sector. The firm said it expects to report a second-quarter operating loss of $75 million to $80 million, compared to its previous forecast for an operating loss of $50 million. It said the decision by General Motors and Chrysler to idle plants will reduce direct shipments to both firms and to other AK Steel customers who also supply the automakers. The group said second-quarter shipments will likely be closer to 725,000 tons than the 800,000 tons originally forecast.

Retailers' weekly sales fall from year ago: survey

 

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#6) On May 05, 2009 at 5:18 PM, bostoncelitcs (47.46) wrote:

If you can't pay your mortgage......time to move back in with the "in-laws" like it was done back in the day.  No federal taxpayer dollars to buy "toxic assets".  Let the Chinese buy the McMansions or DHI buy them back.  Time to "give up" the country club membership and play the public courses. Time to trade in the Hummer and Escalade and take public transportation to work.

We got ourselves into this mess ourselves.  We are going to have to get out of it ourselves.

 

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