Standard Pacific Corp. (SPF)

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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 dbhealylongonly (< 20) Submitted: 6/09/08 10:15 PM : Start Price: $3.06 SPF Score: 74.81

Have we found the bottom yet? I doubt it. However, I strongly agree with floridabuilder that *somebody* has emerge from this mess, and they will do so in a formidable position going forward, with virtually no well-capitalized competition to worry about. A quick scan of the SPF financials shows me a builder suffering through a tough time, but still maintaining positive cash flow. I can only conclude that this bodes well for the company, as everybody else around them struggles to keep creditors at bay.

CAPS Rating: 1 Star [277 outperforms / 315 underperforms]

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Avatar dbhealylongonly (< 20) Submitted: 6/12/08 4:21 AM

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2008/6/10 - Bought 100 shares @ $3.17

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Avatar Niteski (94.44) Submitted: 8/06/08 1:21 AM

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Considering the fact that CA is greater than all debt and they have $773MM equity. If the home values go down another 35% then they will be insolvent. I don't think so. But if it does then I won't make my house payment. Is it a buy? I don't do builders only banks. Builders don't go up in good times and go down too much in bad times, but some do pay good dividends.

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Standard Pacific Corp. (SPF)

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