Replies to post #497069 on Zeev's Turnips Patch-No Politics (ZEEV)

[madrose1]

HOV did pop (now $26.18) but problem is that KBH just warned a few minutes after here...great timing ...KBH KB Home guides below consensus for Q3, Y06 (40.39 -1.34)

Co issues downside guidance for Q3 (Aug), sees EPS of $1.85-1.95 vs. $2.31 Reuters Estimates consensus. Co issues downside guidance for FY06 (Nov), sees EPS of $8.00-8.50 vs. $9.67 consensus. The Company's unit net orders continue to be adversely affected by higher cancellation rates, which have persisted in many markets where the Company operates. Traffic to the Company's new home communities and gross unit orders each exhibited a year-over-year decrease of approximately 11% during the 2006 third quarter.