Savvy Trades and Investments

[cliffvb]

CCS I saw that comment on margins but I didn't really see it as a negative. They have been guiding for 20-22% margins all year and so far have beaten that. I think they are just being conservative.

NWHM did put out a disappointing report. They only earned 1c vs 3c analyst estimates and way down from 7c eps a year ago. Gross margins were only 12.6% and the company is forecasting about the same in sales for Q3. Backlog in $$ was also down about 14%, yoy. I think the maket in California where they build has weakened as CA is a high tax state so it is more affected by the change in rules for tax deductibility limits. It could still be a possible acquisition target as it is selling well under BV but I went ahead and puked out my remaining shares on this report.