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alstry (35.46)

Should S&P be prosecuted????

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April 23, 2008 – Comments (1)

For intentionally putting out false guidance on RYL? 

Under the current laws of physics and time it takes to construct a house, there is no way RYL's revenues could be down only 6% when it started the quarter with a 40% lower backlog and over 50% less specs in a slow selling environment with record price declines.

If its guidance was based on material non public inside information due to extraordinay land sales, should management of RYL be prosecuted for not disclosing it to shareholders??

1 Comments – Post Your Own

#1) On April 23, 2008 at 3:48 PM, alstry (35.45) wrote:

Anyone want to guess how much of RYL's revenues tonight comes from extraordinary land sales.

My guess is 30-40%......and is the CEO is selling shares and not disclosing material dispositions of assets to shareholders???

We will see tonight.

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