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Old 09-12-2007, 07:18 PM
NajdorfDefense NajdorfDefense is offline
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Join Date: Feb 2003
Location: Manhattan
Posts: 8,227
Default Re: Time to buy homebuilder stocks?

DHI is not trading at .76 P/B. You fail to understand the most important part of that ratio, or past vs present.

Levitt has suggested they will write their book down by 70%+. Etc.
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