Saturday, January 26, 2008

Not Hard to Believe

Lennar's $1.25 billion fourth-quarter net loss contributed to a full-year loss that topped $1.94 billion and wiped out earnings from the two previous years combined.

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Funny. I rent a Lennar mini-mansion. They make a shitty product. We like to walk through the community and count the for sale signs. Speculation was rampant here and the speculators have a hard time selling when the builder is still selling new units- slashing prices and running full page ads in the local newspaper.

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