KBH ==> The Hot and Humid Winner

[stocks54]

TOL 3rd quater earnings

From finance.yahoo.com

"Toll Brothers' Record FY 2005 3rd Qtr Earnings Rise 103 Percent to $215.5 Million

Record 3rd Qtr EPS Increases 92 Percent to $1.27 Per Share
Expects Net Income Growth of Over 80% and EPS Growth of Over 75 Percent for FYE 2005
Record 3rd Qtr Revenues Grow 54 Percent to $1.56 Billion
Record 3rd Qtr-End Backlog is Up 48 Percent to $6.43 Billion
Record 3rd Qtr Contracts Increase 19 Percent to $1.92 Billion..."

[New-born baby]

From finance.yahoo.com

"Toll Brothers' Record FY 2005 3rd Qtr Earnings Rise 103 Percent to $215.5 Million

Record 3rd Qtr EPS Increases 92 Percent to $1.27 Per Share
Expects Net Income Growth of Over 80% and EPS Growth of Over 75 Percent for FYE 2005
Record 3rd Qtr Revenues Grow 54 Percent to $1.56 Billion
Record 3rd Qtr-End Backlog is Up 48 Percent to $6.43 Billion
Record 3rd Qtr Contracts Increase 19 Percent to $1.92 Billion..."

Nice report. Now let's see how the market likes it.

[evie]

KBH wassup?

I've been watching KBH over the last several weeks. I'm really surprised it's not doing much better. I thought since BMHC did so well, KBH would not be too far behind.

Does anyone have any info. on what is causing this lack of movement (upward)?

Do you think that things will improve due to Hurricane Katrina?

Thanks,
Evie

[spikefader]

I've been watching KBH over the last several weeks. I'm really surprised it's not doing much better. I thought since BMHC did so well, KBH would not be too far behind.

Does anyone have any info. on what is causing this lack of movement (upward)?

Do you think that things will improve due to Hurricane Katrina?

Thanks,
Evie

BMHC has definately outperformed, and that might be explained by the fact that it's in a different sector to KBH. BMHC is in services/home improvement http://finance.yahoo.com/q/in?s=BMHC and KBH is in Industrial goods/Residential contruction http://finance.yahoo.com/q/in?s=KBH. Or it could be that it's just a better chart

You can see how they're tracking each other here.

http://finance.yahoo.com/q/bc?t=5d&s=%5EYHOh810&l=on&z=m&q=l&c=%5EYHOh841

But I'm expecting a KBH monthly 5th wave up to new highs to start soon and KBH should have it's day soon. WLS and MTH are gonna do well too.

[New-born baby]

KBH chart

Spike, et al,
Here's KBH chart for today. Notice the s~h~s setup? My question: where to
draw the neckline?

[Runner]

NB, ya think 58-59 is possible on KBH?

[New-born baby]

All the homebuilders

NB, ya think 58-59 is possible on KBH?

Runner,
All the homebuilders have the same chart. Look at TOL. Bearish, s~h~s calling for $35.

By the way, both TOL and KBH have the complex s~s~h~h~s~s setup. Amazing how their charts run together.

In any case, I am short KBH. And yesterday I sold naked calls on TOL. So I am putting my money where my mouth is.

And Runner, I think things are going to be rather bearish here pretty quickly. I am talking about the entire market. We shall see.

[New-born baby]

Mdc

Runner,
All the homebuilders have the same chart. Look at TOL. Bearish, s~h~s calling for $35.

By the way, both TOL and KBH have the complex s~s~h~h~s~s setup. Amazing how their charts run together.

In any case, I am short KBH. And yesterday I sold naked calls on TOL. So I am putting my money where my mouth is.

And Runner, I think things are going to be rather bearish here pretty quickly. I am talking about the entire market. We shall see.

Just checked out MDC's chart. Also the same formation: complex head and shoulders.

[spikefader]

NB, I'm a stickler for details. I wouldn't draw the neckline like that - because it's going through the middle of candles. Remember, a neckline is representative of where price finds support on a trendline, and the reaction shoulder formation gives the line support validation. That means when the neckline is actually broken after the shoulder, it has symbolic bearish value; it means that support has broken. That's all. And remember it doesn't have to be horizontal or slope tilted to the left on all uptrending stocks; it can slope to the right, as in the chart I post. Now, one could argue that your red and green colored line shows a smaller right and left shoulder, and again, strictly speaking, it would still be sloped closer to the pink neckline I've drawn. Why? Because that's where the bottom of the candles stop and show the support. If you understand what I mean, draw that other neckline I'm talking about. You'll see that price broke that neckline in late August, and then bullishly reacted to 'take out' the right shoulder, virtually invalidating that SHS pattern. But the current pink line I've drawn is very much in play as a SHS. The neckline stands yet to be broken, but if it is broken, then we may see $53.00 in smart fashion and would tell me that I was off on my weekly wave count for KBH. But in any case, KBH has a bearish bias due to the weekly channel short last week, and this week the channel turn down. I certainly won't be a buyer at the neckline support, and if the rest of the market feels the same way that will be why that neckline won't hold. And it will be yet another graphical representation of where the support WAS and perhaps why no support is there to buy the neckline and invalidate the pattern. Patterns are only valid until they aren't, right!? heh

[New-born baby]

KB Earnings

Here's today's dope on KBH:

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Reuters
KB Home Q3 earnings nearly double
Thursday September 22, 7:36 am ET


NEW YORK (Reuters) - Home builder KB Home (NYSE:KBH - News) on Thursday third-quarter profit nearly doubled and raised its 2005 earnings forecast, helped by increased selling prices and higher delivery volumes.
The company said net income rose to $227.5 million, or $2.55 a diluted share, from $117.9 million, or $1.42 a diluted share, a year earlier.

Analysts, on average, expected the company to earn $2.39 per share, according to Reuters Estimates.

For full-year 2005, the company expects to earn $9.30 a diluted share, up from its previous forecast of $9.00.





Lousy report, wasn't it? P/E is 7.

[New-born baby]

Kbh

KBH earnings today may impact HOV, MDC and others. It will be interesting to watch the action today.

[mrmarket]

This won't hurt

KB Home and Shaw Form Joint Venture to Build New Homes In Louisiana
Tuesday December 6, 10:08 am ET


NEW ORLEANS--(BUSINESS WIRE)--Dec. 6, 2005--KB HOME (NYSE:KBH - News), one of the nation's premier homebuilders, and The Shaw Group Inc. (NYSE:SGR - News), a world leader in engineering and construction, announced today the formation of KB HOME/Shaw Louisiana LLC, a joint venture to build housing for Louisiana's future.
ADVERTISEMENT


The joint venture will pursue the building of new homes in Louisiana with the goal of providing permanent housing and increased economic development to Louisiana in the aftermath of the two devastating hurricanes in the state. KB HOME/Shaw Louisiana envisions this venture will generate a significant amount of work in Louisiana over the next few years.

J. M. Bernhard, Chairman and Chief Executive Officer of Shaw, stated, "As part of our continued commitment to the full restoration of Louisiana, we are pleased to partner with KB Home to build quality residential homes in our state. This is the first new residential construction program to be announced in Louisiana since Hurricane Katrina came ashore. We believe that this is very exciting news and an important milestone in the recovery of Louisiana. This joint venture is designed to provide desperately needed new homes to stricken areas and will attract a broad demographic range of homeowners, which is vital to the recovery of our state. We are proud to partner with KB Home, a homebuilder with an outstanding reputation for architectural innovation and superior customer service to home buyers. We welcome them to Louisiana."

"I'm extremely pleased that KB Home has joined forces with Shaw to assist with the rebuilding of Louisiana," said KB Home Chairman and CEO Bruce Karatz. "While there are substantial challenges ahead of us, we believe KB Home's extensive experience in quality homebuilding, combined with the engineering and construction expertise of The Shaw Group and their familiarity with their home state of Louisiana, can make a significant and positive difference in people's lives and bring people home to this great state."

Heading the joint venture from KB Home is New Orleans native and KB Home veteran Steve Davis. As the Gulf Coast Region President, Davis' duties will include overseeing land acquisition and development, construction, purchasing, customer service, sales and marketing. A 21-year veteran of the homebuilding industry, Davis was most recently KB Home's Regional General Manager for the Southeast. He has also served as Phoenix division president and Arizona regional general manager.

Representing Shaw in the joint venture management is David Landers, Vice President of Shaw. Landers is a senior executive with Shaw, with 25 years of broad business experience. A native of Louisiana, Landers has spent much of his professional career in the state.

About KB Home

Building homes for nearly half a century, KB Home is one of America's premier homebuilders with domestic operating divisions in some of the fastest-growing regions and states: West Coast--California; Southwest--Arizona, Nevada and New Mexico; Central--Colorado, Illinois, Indiana and Texas; and Southeast--Florida, Georgia, Maryland, North Carolina, South Carolina and Virginia. Kaufman & Broad S.A., the Company's publicly-traded French subsidiary, is one of the largest homebuilders in France. In fiscal 2004, the Company delivered homes to 31,646 families in the United States and France. KB Home also offers complete mortgage services through Countrywide KB Home Loans, a joint venture with Countrywide Financial Corporation. Founded in 1957, and winner of the 2004 American Business Award for Best Overall Company, KB Home is a Fortune 500 company listed on the New York Stock Exchange under the ticker symbol "KBH." For more information about any of KB Home's new home communities, call 888-KB-HOMES or visit http://www.kbhome.com.

About Shaw

The Shaw Group Inc. is a leading global provider of technology, engineering, procurement, construction, maintenance, fabrication, manufacturing, consulting, remediation, and facilities management services for government and private sector clients in the energy, chemical, environmental, infrastructure and emergency response markets. Headquartered in Baton Rouge, Louisiana, with over $3 billion in annual revenues, Shaw employs approximately 20,000 people at its offices and operations in North America, South America, Europe, the Middle East and the Asia-Pacific region. The Company was recently named to Fortune magazine's annual list of "America's Most Admired Companies" for the second consecutive year. For further information, please visit Shaw's website at http://www.shawgrp.com.

[billyjoe]

Mr. Market,
After HOM cleans up the mess and CHB provides temporary housing for the KBH workers, we'll all be in good shape.

billyjoe

[mrmarket]

Don't look now, but here comes KBH....killer earnings and a stock buyback to boot. Have you ever seen a stock so cheap??

[jiesen]

KBH Earnings report

http://biz.yahoo.com/bizj/051223/1208042.html?.v=1

KB Home reports fourth quarter and full year results

Friday December 23, 3:08 pm ET KB Home, one of the largest homebuilders in the U.S. and France, as well as New Mexico, has reported financial results for its fourth quarter and fiscal year ending at the end of November. Total revenues in the fourth quarter rose 32 percent to $3.15 billion, the company reports. Fourth quarter net income rose 66 percent from the year-earlier period to $310.6 million, driven by revenue growth and an improved operating margin, it says.


Since 1995, KB Home (NYSE: KB - News) has built thousands of homes in nearly 60 subdivisions in Rio Rancho and Albuquerque.

KB Home also announced a new high-density, mixed-use division called KB Urban this quarter. The new division will add mid- and high-rise dwellings to KB Home's portfolio.

Over the entire year, KB Home delivered 37,140 homes and generated total revenues of $9.44 billion, exceeding 2004's record levels by 17 percent and 34 percent respectively, the company reports. KB Home, which operates in more than a dozen states and France, delivered 31,646 homes in fiscal year 2004.