Good Evening, and welcome to another exciting edition of The FoxForceJournal.
Our featured stock is KB Home(KBH) picked by Melaschasm @ $16.01 for a stock gain of +28.73%
KB Home (KBH) Description
Homebuilder with domestic operations in the following regions: West Coast, Southwest, Central and Southeast. Also provides mortgage banking services to the majority of its domestic homebuyers through its wholly-owned subsidiary, KB Home Mortgage Company. Website: http://www.kbhome.com/
If Melaschasm had purchased $1,000 @ $16.01 thats 62.5 shares.
On 11/31/12, and 2/513 KBH paid a .025 dividend so + $3.12
As of todays close of $20.52 one grand invested would be worth $1,285.62.
Now Scruffys 40,000 shares are worth $642,400.
Seeing the homebuilder sector rebound makes me happier then a pup with two peters. That means people are finally spending money again. That's what needs to happen for the economy to recover (ignore all the B.S from Washington)
I speak from personal experience, if the rich are afraid, they don't buy high end homes. Or in my case 10 grand signs for a new business.
Checked out the website, there was one in Reno for $238,000 that I liked 3BDR,2BTH 2 car garage....looked nice... if I ever decide to move to a warmer locale in retirement (two decades away). I do enjoy an occasional hand of blackjack.(honestly I wouldn't know what to do with more space then that, but KBH does offer it)
KBH seems like a survivor in the field as they picked up quite bit of the land and assets of the fallen, also buying more prime real estate-
Thank you all for reading yet another edition of-
(sidenote- the Journal has been trying to come up with a catchy tag line to end these blogs)
Ideas so far-
You've been FoxForced (kinda creepy)
Foxy and balanced (might get sued)
So add em' if you gottem.