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$3.98 0.14 (3.65%)
10/10/2008 4:06 PM

Standard Pacific Corp. (SPF)

CAPS Rating:
*

The Company is a geographically diversified builder of single-family attached and detached homes and constructs homes within a range of price and size targeting a range of homebuyers.

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Avatar MesaWeb (< 20) Submitted: 12/06/07 3:18 AM : Underperform Start Price: $3.09 SPF Score: -69.26

this will be the first home builder to go bankrupt, there is no helping this company now, it's buried in debt and concentrated in bad housing markets with no turnaround for at least 5 years, it simply can't last that long.

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Avatar TDRH (99.98) Submitted: 4/08/08 1:37 PM

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What about the tax breaks they are receiving? Will this buy them time?

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Avatar KevinatUCLA (98.71) Submitted: 8/04/08 7:05 PM

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this will be one of the few homebuilders to survive. Just check their websites, they have so many properties in Southern California, those are like gold. I haven't checked their balance sheets or income statement, but I know for a fact that this is a liquid company. I have been in the market for years to buy a home, if these guys reduce their home prices for another 10% or so I will qualify to buy, so do many others. The homes are there and if they reduce the price a little they will sell, so I think cash is no problem for these guys.
Plus they got a huge tax refund, plus they have a investing bank with huge money behind them. Buy this stock while you can. I promise in few months it will be double. These are easy points my friend.

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