Thursday, July 24, 2008

summer washout?

U.K. Homebuilding Rally `Overdone,' Cazenove Says

July 24 (Bloomberg) -- A recent rally in U.K. homebuilder shares has been ``overdone'' and the stocks may fall back during the summer amidst further negative housing data and possible land writedowns, analysts at JPMorgan Cazenove Ltd. said.

Posted by ash4781 @ 07:29 PM (2865 views)
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