Thursday, September 07, 2006

kbh homes / kbh warning

bzh hat mal wieder gewarnt. da das quartal bei denen bis zum ende august ging haben die den vollen absturz mitgenommen.

orders down 43%

guidance down 17,5% von juni

um die ahnungslosikgeit bzw. die dreistigkeit des management und der analysten nochmal zu unterstreichen hier die blumigen worte vom ceo nach den letzten quartalsergebnissen

zusammenstelung von pbernhard. besten dank!!!

"Housing demand in our major markets during the second quarter continued to outstrip supply, producing the highest number of net new orders for any single quarterly period in our Company's history... we are comfortable raising our earnings guidance for 2005 to $9.00 per diluted share." - B. Karatz, June 16, 2005

"Net orders continued to show strength within our operating regions, providing important evidence of the fundamental health of our business.... a favorable outlook for our markets going forward have led us to increase our 2005 earnings guidance to $9.30 per diluted share." - B. Karatz, Sep. 22, 2005

"While year-over-year net order comparisons posted double-digit increases in each quarter of the year, our net order growth moderated in the fourth quarter... [however] the strengths within our business, economic factors, including positive job growth and demographic trends in the markets we serve, support our favorable outlook and earnings projection of $11.25 per share for 2006." - B. Karatz, Dec. 15, 2005

"There are signs of cooling in the hottest markets on both coasts and a shift in investor activity from buying to selling, resulting in less demand and increased supply in certain markets... [but] we feel confident in maintaining our earnings estimate of $11.25 per diluted share for 2006." - B. Karatz, Feb. 28, 2006

"The country's current-year home sales will likely fall well short of the record rates we have seen in the recent past as the market works through inventory build-ups, including a spike in investor/speculator resale inventory, higher interest rates and higher cancellation rates... we believe it is prudent to revise our 2006 earnings forecast downward to $10.00 per diluted share." - B. Karatz, June 16, 2006

"Our earnings expectations for the third quarter and full year reflect an increasingly challenging housing market, where the supply of new and resale home inventories has built up in recent months in markets that have experienced rapid price appreciation or substantial investor activity, or both, in the past few years," said Bruce Karatz, Chairman and CEO. september 7, 2006

to be continued.........

das schöne daran ist das er und das management fleißig eigene aktien auf den markt geschmissen haben während kbh mit geld was ihnen jetzt dringend fehlt buybacks durchgezogen haben. zudem gibt es da noch die kleinigkeit von einem optionsskandal. hoch lebe kbh! und bruce karatz!!!!

KB Home reviewing stock option grants to CEO:KBH43.19, +0.17, +0.4%) is reviewing the stock option grants given to CEO Bruce Karatz, The Wall Street Journal reported Wednesday, citing a company spokeswoman. Outside counsel is helping the home builder with the probe, the spokeswoman told the newspaper. Karatz has received nearly $100 million from cashing out many unusually timed options, the report said, citing regulatory filings it's reviewed.


disclosure: short kbh


Blogger Peter Bernhardt said...


5:36 AM  
Blogger jmf said...


6:59 AM  

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