Situations? - Home Builders and Related Stocks
been folllowing the home builder stocks for a while and I think now
might be a good time to buy.
With Low PE's and High EPS, some of these might be worth a look.
It does, however illustrate what can happen if you
subscribe to the 'buy and hold forever' philosophy.
It also depends on exactly how soft you think the housing
market is. I don't think it is quite as bad as
our duck and cover media would leave as to believe.
You never know though - odds are they might get it right at
|D R Horton
is some question as to whether or not the housing bust is as bad as it
seems for all home builders.
a little homework I decided to pick up some DHI. I liked the
DHI23.61, +0.07, +0.3%)
Thursday declared a quarterly cash dividend of 15 cents
a share, a payout that
represents a 66 2/3% increase from a dividend of 9 cents
a share paid in last
year's equivalent period.
The Fort Worth,
Texas-based D.R. Horton, which is the largest homebuilder in the U.S.,
said the dividend is
payable on Nov. 1 to shareholders of record on Oct. 23.
The stock closed
Wednesday at $24.19, down 2.3%.
Gypsum - USG
This is one of two stocks I think worth mentioning
that was involved with asbestos litigation in the
early 2000's. The company emerged from bankruptcy
and Warren Buffet has been steadily buying.
He now owns about 20% of the company stock. The company has
around 5 billion in sales.
I own considerably less than that. I think it is
worth a small investment.
Owens Corning - OWENQ
company has passed all the hurdles and is scheduled to come out of
bankruptcy and start
trading on a new ticker around the end of October. It has
around 6 billion in sales.
one might be worth an investment as well.
Kind of depends on what price it comes out at.
I am setting a few $$ aside in case it looks attractive.