June 18, 2007

HP Hilarious Homebuilder Quote of the Month

"We do think if you're dumb enough to buy a home builder (share), you ought to buy us,"


Ryland Group Chairman and Chief Executive Officer R. Chad Dreier, told an investor audience at the JP Morgan Basics and Industrials Conference this week.

15 comments:

Anonymous said...

Priceless.

'nuf said

SPECTRE of Deflation said...

ROFLMAO! Moron is the only word that comes to mind.

Keyser Soze said...

Sounds like he was being painfully honest.....something we all need in Amarka.

Anonymous said...

at least he's honest

Stephen said...

As much as I get pissed at these enormous behemoth builders of crappy Pottersville homes, I must say that they tend to be the most honest out of all the REIC participants.

Perhaps they need to be in touch with reality as much as Reatwhores need sheeple to live in a fantasy world.

Anonymous said...

Grow houses!

Anonymous said...

He's got a point!

If we're dumb enough to buy their shitty houses, we should buy their shitty stock!

Adam said...

Yeah, we have a new quote from a homebuilder CEO to replace the prior winner from earlier this year, D.R. Horton's (was it? Or Hovnanian's CEO?) CEO assessment when he stated, "2007 is going to suck"!

I, for one, applaud the honest assessment of the homebuilders. I suppose such full disclosure is pretty much mandatory for the CEO of a publicly-traded company nowadays, as they need to account to shareholders for their poor performance.

Unfortunately, the NAR is not a publicly-traded sales organization, and the MBA (Mortgage Bankers/Brokers Assocation) is not either, so there's little reason to do other than spout meaningless platitudes...

Anonymous said...

Some of the HB CEO's are honest. Others like TOL and MTH are downright scumbag liars

Anonymous said...

FROM DHI TODAY TO ALL EMPLOYEES:

STOCK TRADING BLACKOUT EFFECTIVE IMMEDIATELY

Ladies and Gentlemen:

Effective immediately and continuing until further notice, each of you is prohibited from trading (buying or selling) DHI stock. This blackout extends to your family, “affiliates” (affiliates include, without limitation, your family trusts and investment accounts) and anyone who may be deemed to have confidential information regarding DHI.


Interpretation of the rules applicable to confidential inside information are complex and technical; therefore, if you have any question whatsoever about to whom this trading prohibition extends, please contact XXXXX OR XXXXX or me in the corporate legal department.

As all of you know, it is illegal to trade in public securities of any company at any time that you are in possession of ”material, non-public information” about that company. More information regarding insider information is contained in the employee manual.

Notwithstanding this prohibition, you are still free to exercise and HOLD options you have in the company; however, you may not exercise and SELL any options.

If any of you had planned on exercising any options, please contact XXXXX OR XXXXXX or me in the corporate legal department for additional guidance and alternatives.

Bryce Beattie said...

But because his comment was placed on several popular internet websites, thousands of hapless investors began to throw money at him...

Anonymous said...

Gotta love it when these "Art of the Deal" types get together trying to generate commisions, agent fees, management fees, ect.. and using other peoples money (shareholders) to buy 25,000 dollar acres and pay millions, thus getting hundred of thousands on the deal for themselves.............

Anonymous said...

Ladies and Gentlemen:

Several of you have inquired about the impact of the current DHI stock trading blackout on the Employee Stock Purchase Program.



1) Purchase of DHI Shares: The blackout does NOT affect your current election to PURCHASE shares through the ESPP. You may continue with your election to purchase ESPP shares during the blackout.


2) Sale of DHI Shares: The blackout DOES apply to selling shares acquired through the ESPP. You CANNOT sell any DHI shares during a blackout. You can only sell ESPP shares or any other DHI shares during an “open” period.


3) Elections to Opt into or out of or change elections in the ESPP: You may opt into or out of or change your elections with respect to the ESPP program in accordance with the normal provisions of the ESPP plan.


If you have further questions regarding the ESPP, please contact xxxxxx xxxxx in the corporate Human Resources Department.



xxx x xxxxxxxx xx
Senior Vice President and Chief Legal Officer
D.R. Horton, Inc.

D.R. Horton Tower

Paul E. Math said...

You'd think more people would realize that if homebuilders, professionals, can't make money in real estate, perhaps it's not that easy to make money in real estate anymore. If homebuilders are bleeding money then perhaps the value of their home won't be recovering anytime soon.

As stupid as you would have to be to invest in homebuilders right now, you'd have to be just as stupid to 'invest' in a home.

Anonymous said...

dhi stock trading blackout???? what the hell????