A well-run company whose CEO is a bottom-line guy with just enough chip on his shoulder (people ding the stock because of the departure of Mr. Broad) to want to make as much of this company as he can. The numbers sustain the viewpoint that Kaufman & Broad is still well positioned for both good growth and an excellent return on investment.I liked it enough to buy a lot of it. Not by fool ratios but by basic value rules. Excellent P/E too.
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