Tuesday, September 25, 2007

The nations Number 1 housebuilder posts massive losses

Lennar's loss bigger than expected

The nation's No. 1 homebuilder in terms of revenue, Lennar posted a net loss of $513.9 million, or $3.25 per diluted share, down from the net earnings of $206.7 million, or $1.30 per diluted share, in the year-earlier period. this is massive, could this be the start of a USA recession, if so UK brace yourselves,

Posted by mark @ 08:44 PM (486 views)
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