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April 18, 2008 – Comments (4) | RELATED TICKERS: NVR , SRS

NVR is probably the best in class homebuilder out there.

In Dec. 2003 in an expanding market they reported $49.00/share earnings and commanded a share price just a shade under $500.00. After reporting $49.00/share earnings the share price dropped to $450.00.

Today in a declining market, they reported quarterly earnings of $7.42. Lets just ignore the cancelations and lower starts and imagine they maintain earnings of $7.42 for the remaining 4 quarters of the year. Basically guessing they will earn $30.00/share this year.

So in 2003 $49.00/share was worth $450.00. In 2008 $30.00/share is worth $650.00.

SRS fell $5.00 today, but I'm keeping my shares.

 

4 Comments – Post Your Own

#1) On April 18, 2008 at 11:37 AM, floridabuilder2 (99.27) wrote:

stop being logical and just play the game...  we don't need any thinkers here

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#2) On April 18, 2008 at 1:08 PM, devoish (98.52) wrote:

Hang on, where'd I put my dice?

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#3) On April 18, 2008 at 4:22 PM, cabuilderboy (87.02) wrote:

With a 14% Debt/Cap, they look like the "bell of the ball". Numbers and metrics need not apply. They don't look like a bk candidate and that trumps P/E for now.

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#4) On April 18, 2008 at 4:43 PM, devoish (98.52) wrote:

Look at that. At the end of the day SRS is up a dime. My question is when do they start growing earnings again, 2011, 12 ?

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