Thursday, July 10, 2008
Are savvy investors considering buying back into builders
Housebuilders are without question being absolutely thumped in the markets and rightly so considering they did not contemplate the possibility and consequence of falling house prices. BusinessWeek consider that long-term investors may consider the shares may soon be buys. Personally I believe the fallout from builders will see the demise of some big names and the ones that do survive are at least 12-18 months off being worth buying. Builders shares anyone?