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cliffvb

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cliffvb

Re: researcher59 post# 102072

Wednesday, 12/07/2022 10:43:05 AM

Wednesday, December 07, 2022 10:43:05 AM

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TOL This high end homebuilders reported a nice beat in Q4 earnings at $5.63 vs $4.01 estimate. They also provided guidance for 2023 with Earnings at $8-9 per share. They expect margins to remain strong at 27% although volume to be down- no surprise with much higher mortgage rates now. They did say that of rates get below 6% that many buyers will return as there remains a shortage of homes.

Stock is up 5% and it looks like it is also pulling other home builders up too.
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