Tag: should you buy homebuilders?

Fake Earnings But Real Growth?

| February 9, 2010 | 0 Comments

Last week, Beazer Homes (BZH) reported a $48 million profit.  All of it was fake.  Yet investors moved the stock higher anyway.  Just seven days ago, homebuilder D.R. Horton (DHI) reported a huge jump in earnings.  $192 million to be exact… it too was fake. That stock skyrocketed as well. After being beaten down for […]

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