A homebuilding and mortgage-finance company. The Company consists of six segments: four geographically-determined homebuilding regions, financial services, and corporate.
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You gotta love a company that still issues a dividend even though it has negative cash flow, negative earnings and a negative profit margin. Guess they are trying to hang on to their shareholders...and they need too if they are going to weather the housing crash. Just like many of its peers in the industry, RYL is going to underperform until it goes belly up or until the housing market turns around.