Lennar Corp (NYSE:LEN)

CAPS Rating: 1 out of 5

Primarily sell single-family attached and detached homes, and to a lesser extent, condominiums, in communities targeted to first-time, move-up and active adult homebuyers.

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Member Avatar UltraGreen (83.07) Submitted: 3/1/2007 2:44:39 PM : Underperform Start Price: $45.46 LEN Score: +36.05

Low inventory turnover is not a good sign.

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Member Avatar emerbay (71.72) Submitted: 2/18/2007 7:49:18 PM : Outperform Start Price: $48.45 LEN Score: -38.13

unpopular sector showing unpopular strength

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Member Avatar southernone (76.64) Submitted: 2/13/2007 1:07:44 AM : Underperform Start Price: $47.94 LEN Score: +38.70

BUY

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Member Avatar jazper292 (< 20) Submitted: 1/3/2007 2:38:21 PM : Outperform Start Price: $46.18 LEN Score: -38.19

6 PE ratio, spring will bring this one back to the 10s

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Member Avatar lawdymama (64.42) Submitted: 12/11/2006 7:07:59 PM : Outperform Start Price: $49.49 LEN Score: -42.21

Homebuilders are up (unrealistically so, perhaps) since July and could be subject to a pull-back. But longer term, they'll be back. Lennar and Toll Bros. are the best in this category and should be back even stronger.

Recs

2
Member Avatar sleepyseth (97.28) Submitted: 11/2/2006 2:48:57 PM : Underperform Start Price: $42.40 LEN Score: +36.29

LEN is heading further down with the rest of the real estate market. We saw an amazing amount of over building and over speculation that is not over with mild 2 quarter dip. This have only begun to get worse. These housing stocks' PE rations won't look so cheap on contracting earnings.

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Member Avatar jabmab440 (79.38) Submitted: 11/1/2006 10:25:16 AM : Outperform Start Price: $43.58 LEN Score: -36.73

I'm going long the home builders... period. The short game is over.

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Member Avatar MCKInathan (97.65) Submitted: 10/27/2006 5:10:07 PM : Underperform Start Price: $43.47 LEN Score: +37.02

Lots of talk right now about whether the housing market will have a soft landing or is crashing. Either way, I see house building stocks heading south faster than the S&P. Speculation is high right now and since the economic growth report missed its expected mark, I think the pessimist will win out for most large scale investors.

After so many months of great returns, I think investors are willing to take their profits and look elsewhere, especially if the overall market really turns south.

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Member Avatar bzillman (93.62) Submitted: 10/26/2006 9:42:08 AM : Outperform Start Price: $43.30 LEN Score: -35.97

If mortgage rates drop some by 2007 spring this stock will outperform the market.

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Member Avatar davidtuchman (62.31) Submitted: 10/13/2006 1:26:55 PM : Outperform Start Price: $42.34 LEN Score: -36.22

Home builders are still very cheap - interests rates have settled down which should be good news. When it's all said and done, real estate is always a great place to put your money

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Member Avatar radianttek (< 20) Submitted: 10/10/2006 11:16:04 PM : Outperform Start Price: $42.87 LEN Score: -38.20

you can't beat them down any longer!

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Member Avatar chasking1 (39.03) Submitted: 10/10/2006 3:53:32 PM : Outperform Start Price: $42.87 LEN Score: -37.81

housing moving

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Member Avatar advsys (< 20) Submitted: 10/3/2006 7:48:58 PM : Underperform Start Price: $40.92 LEN Score: +36.15

Housing market is a true bubble. As this slowly becomes apparent over the next 6 months, most housing stocks will start a steep decline. Traditionally in a bubble, the key players drop by at least 80 percent from their all time high.

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3
Member Avatar skullchemist (< 20) Submitted: 9/18/2006 12:03:23 AM : Outperform Start Price: $42.33 LEN Score: -39.78

buy from pessimists sell to optimists . . . paraphrasing ben graham here. . . anyhow, low debt/equity and trading near book. good way to invest in real estate now without having to take a loan. .

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Member Avatar ToddlesMD (48.11) Submitted: 9/14/2006 11:36:50 PM : Outperform Start Price: $41.78 LEN Score: -38.38

Homebuilders are trading at book value. Lennar is the bellweather stock for the group and is well positioned to weather the downturn. I feel that we will see cancellations and inventories level off over the next few weeks (which seasonally peak over the summer). Better to be back into this group early before the better numbers start to roll in.

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Member Avatar nirbhayk (68.55) Submitted: 9/13/2006 3:49:16 PM : Outperform Start Price: $41.55 LEN Score: -39.17

compelling valuation

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Member Avatar mikeinmadrid (87.29) Submitted: 9/12/2006 5:09:46 PM : Outperform Start Price: $40.82 LEN Score: -38.18

Bill Mann says homebuilders are cheap. I believe him enough to buy a basket of homebuilders in CAPS!!

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Member Avatar joetrisna (< 20) Submitted: 8/29/2006 3:18:08 AM : Underperform Start Price: $40.94 LEN Score: +39.57

Housing market is cooling off, so is this stock

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Member Avatar scmahon (87.47) Submitted: 8/28/2006 10:37:16 PM : Underperform Start Price: $40.94 LEN Score: +39.57

It's going to get worse before it gets better. Sure it has a low P/E, but that's attractive only if one assumes earnings will be flat or increasing. But I don't think this will be the case. The rising supply in housing, plus the rising rates, plus the already high prices have chased away both the real and speculative demand. Granted, I live in California so my assessment is stilted toward extreme pessimism. But overall I don't see the same earnings power over the intermediate term.

In many ways, these homebuilder stocks are cyclicals. I would be looking at these when their P/Es look historically high (that is, when earnings have been depressed for awhile).

Recs

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Member Avatar gretch68 (72.97) Submitted: 8/10/2006 3:20:55 AM : Underperform Start Price: $40.60 LEN Score: +41.85

This is a good company in a now out of favor sector. I think that though it's a good company the stock isn't going to see much love from Wall Street at least in the short term.

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