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05-06-2008, 11:52 AM #1
- Join Date
- Jan 1970
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Follow the Money, or lack thereof: D.R. Horton LLC
http://biz.yahoo.com/ap/080506/earns_dr_horton.html
AP
D.R. Horton swings to 2Q loss on impairment charges.
$1.31 Billion or $4.41 per share, compared to last years
$51.7 profit.
follow the story around and you find Pulte, and others in the
same shape,
Horton has 181,000 lots developed ready to sell, a 5 YEAR SUPPLY
Net sales down 25%, Homes on contract current, 8,947
last year same time 16,885
The illegal alien wage slaves all these home builders have been underpaying are going to be unemployed and asking for free food and free stuff
soon, "who's going to pay the bill"?
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