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$1.37 0.11 (8.73%)
7/8/2008 3:59 PM

WCI Communities, Inc. (WCI)

CAPS Rating:
*

The Company is a fully integrated homebuilding and real estate services company with experience in the design, construction and operation of leisure-oriented, amenity-rich master-planned communities.

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Avatar emoe (22.51) Submitted: 7/03/07 7:36 PM : Outperform Start Price: $16.22 WCI Score: -75.02

Icahn catalyst

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Avatar TDRH (100.00) Submitted: 8/30/07 2:12 PM

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Unless Icahn is planning to go into the Jumbo loan business, this premium home builder is going to continue to struggle.
Rates for mortgages exceeding $417,000 are between 1 and 1-1/2% higher than standard mortgage rates.
Suppose this may not be much out of pocket for the uber rich, but it still will have an impact.

Hindsight is 20/20 but they should have taken the $22.00 per share offer four months ago. The writing was already on the wall, someone's ego must have gotten in the way of business sense.

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Avatar barman8 (93.18) Submitted: 1/17/08 11:25 AM

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Time to make a killing BUY

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