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alstry (35.99)

Do You Believe In Miracles????

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May 08, 2008 – Comments (3)

From FloridaBuilder's Blog Today:

WCI is going down next just like I said in March.... it is just a matter of time.... I'm rarely wrong on the bankruptcy thing... it takes a miracle for me to get it wrong.

 

As many of you know FloridaBuilder and I have an ongoing bet on which HB will file for BK first...FB's choice is WCI and mine is SPF.

After WCI's report yesterday, one can only come to the conclusion that the outlook for this company is dire. 

However, we have still yet to hear from SPF which reports on Monday.  Things are so desperate at SPF right now that they are selling Million dollar homes to employees at upwards of 40% off in their Palm Springs Community of Indian Wells.  Now that sounds like a company desperate for cash.

Clearly FloridaBuilder has the connections, he has the horse with the lead, he has the brains and most likely the looks and style as well.  I guess the only thing I can hope for now is a miracle to win.

We will have a much better perspective on Monday.

Do you believe?

3 Comments – Post Your Own

#1) On May 08, 2008 at 5:41 PM, TDRH (99.48) wrote:

Seems that investors are finally realizing that a condo builder in Florida is not a good investment.    The board is probably regretting that they walked away from the table.

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#2) On May 08, 2008 at 5:48 PM, mindmuse (35.63) wrote:

Actually I think FloridaBuilder's looks took a decided downturn when he switched from the red sportcar to the chimp...

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#3) On May 08, 2008 at 8:48 PM, dwot (39.29) wrote:

lol, the monkey...

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