Stock price when the opinion was issued
They reported weak numbers last Thursday, in a big top and bottom line miss. Revenue shrunk 15% with EPS -20% YOY. Shocking. They slashed full-year guidance. Are effected by a worried, cautious consumer in this economy. That said, shares actually gained last Thursday, because of a few positive numbers, like a low cancellation rate. They will buy back $4 billion of shares. Bottom line: It's dangerous to buy anything connected to housing.