Home Builders Again
Home builders are doing well according to the income statement. The cash flow statements and balance sheets looks to me like they're pumping the earnings into building more and more houses. Low PEs on this group which indicates to me that the market is definitely anticipating the growth in earnings to slow a lot. With the economy appearing to be doing at least moderately well perhaps worth a trade here. Toll Bros came out with a great qtr and beat street estimates handily. I'm going to look over the financial statments of these companies more closely this weekend. Thinking about spreading the money around in several names. I'll update on Tuesday if anyone is interested.
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