Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev Thread | Next Thread
Author: bigwayne19 Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 31  
Subject: long term ? Date: 5/9/2000 12:24 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
-------- why not expect a higher return when homeprices are going up faster than kbh's stock price ?

Big
Print the post Back To Top
Author: yogil One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 12 of 31
Subject: Re: long term ? Date: 7/11/2000 3:49 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 1
Housing stocks are being depressed by the fear (not the fact) of interest rate hikes. KBH is still less prone to interest rate jitters because it carries so much of its own paper.

Print the post Back To Top
Author: Wradical Big gold star, 5000 posts Top Recommended Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 13 of 31
Subject: Re: long term ? Date: 3/23/2001 10:46 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 1
Actually, they only "carry their own paper" on an overnight basis. They act as a mortgage broker/ originator and resell the mortgages in the secondary market.

But for the short term as well, they are in a good position to weather the recession that seems to be quickly coming on us, because of their backlog of homes in process and not yet started. They could build houses for the next six months before they needed new orders to stay busy.

And at 5-6 times earnings it's one of the best bargains around. And the earnings are really there!

WRA
Print the post Back To Top
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev Thread | Next Thread
Advertisement