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Subject:  Rogue Trader Broadsides Kaufman and Broad Date:  8/31/1999  12:57 PM
Author:  TMFSpirit Number:  9 of 31

Rogue Trader Broadsides Kaufman and Broad
By Brian Graney (TMF Panic) August 31, 1999

Investors got a quick reminder of one of the many risks inherent in equity investing this morning when Los Angeles-based homebuilder Kaufman and Broad Home Corp. (NYSE: KBH) warned that its third quarter earnings would fall $0.24 per share below previous estimates. Here's a quick multiple c