Replies to post #485396 on Zeev's Turnips Patch-No Politics (ZEEV)

[marketmaven]

M/I Schottenstein Homes-MHO new contracts down 35%-Buy@SOLE
2Q home deliveries were up 16% while the unit backlog was down 13%. The company attributes the decline in new contracts due to a 20% decline in traffic, the large builders continue discounting and cancellation rate has increased approximately 30%. The firm has decreased their 2006/07 EPS estimates. :