Homebuilders OMG

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  • jiesen
    Senior Member
    • Sep 2003
    • 5319

    Homebuilders OMG

    OMG, the horror. The horror.
  • jiesen
    Senior Member
    • Sep 2003
    • 5319

    #2
    Originally posted by jiesen View Post
    OMG, the horror. The horror.
    MDC beat earnings expectations by 20% and the stock still goes down. They are trading at a 5.4 P/E now (according to Yahoo!). Market gives not a whit about the homebuilders now.

    M.D.C. Holdings, Inc. (NYSE:MDC) Q3 2023 Earnings Call Transcript October 26, 2023 M.D.C. Holdings, Inc. beats earnings expectations. Reported EPS is $1.4, expectations were $1.18. Operator: Hello and welcome. Please hold for Mr. Derek Kimmerle, VP and Chief Accounting Officer. Please go ahead. Derek Kimmerle: Thank you. Good morning, ladies and gentlemen and welcome to […]

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    • jiesen
      Senior Member
      • Sep 2003
      • 5319

      #3
      Originally posted by jiesen View Post
      MDC beat earnings expectations by 20% and the stock still goes down. They are trading at a 5.4 P/E now (according to Yahoo!). Market gives not a whit about the homebuilders now.

      https://finance.yahoo.com/news/m-d-c...154454258.html
      Well, whaddya know? The homebuilders are BACK in FORCE!

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      • jiesen
        Senior Member
        • Sep 2003
        • 5319

        #4
        Originally posted by jiesen View Post
        Well, whaddya know? The homebuilders are BACK in FORCE!
        The homebuilders have continued on like a boss, riding the market's wave for huuuuge gains.

        And the market itself is just nuts now.
        Today the S&P hit 5150 for the first time. Nikkei also topped 40k for the first time, setting a new all-time high... for the first time in 35 years!

        Insane!

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