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alstry (< 20)

Lennar's Revenues Going Le Down?



June 24, 2008 – Comments (2)

Right now average revenue estimates for Lennar's upcoming quarterly report on Thursday morning is $1.1 billion dollars.  Holy pimping wimp chimp batman, how can that be?  They only did that much last quarter when they were working with a much higher backlog log ($1.4 Billion vs. current $1.1 Billion) and most likely a much higher spec count from a bunch of cancellations in Q4.

$1.1 Billion?  Anybody seen where up yours Oppenheim landed after getting released from I love you Countrywide Bank America?  I just want to know what these guys are smoking because I could use some tonight.

My son is in the local little league championship game tonight and we are playing the neighborhood rival.  Yours truly is one of the coaches and we have to look good for the hottie wives on the opposing team.....fortunately ours ain't bad either.

Sorry for talking up the boy....I promise not to do it again but with his paternal genetic handicap, it is a pretty amazing accomplishment. 

Back to the issue at hand.....anyone think Lennar is up for a big Le Miss on Thurday Le Morning?

My estimates is for a HB revenue run of approximately $750 million(absent any extraordinary land sales) versus current estimates of $1.1 Billion.  Anyone else have any guesses?

2 Comments – Post Your Own

#1) On June 24, 2008 at 8:12 PM, DemonDoug (30.72) wrote:

i predict they will lose a lot of money and the stock will rally (for one day or two at least).  that seems to be the pattern.  you know how the market manipulators work alstry.

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#2) On June 25, 2008 at 12:57 AM, alstry (< 20) wrote:

I think this one may be different.  HBs are liquidating down to dirt and debt.  At that point they have little in the way of inventory to generate future revenues.  There is not much you can do to create sales with a pile of pennies on the dollar land and even more debt.

I think this one may be a shocker on the revenue side....something we have not seen yet.  We shall see.

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