KBH will go DOWN
$12.00 on 7/08/08
$17.33 (-0.86% from time of market call)
KB Homes is going to get obliterated once the full impact of the SP crisis and the credit squeeze hits. There's a significant lag time between action and economic reaction. The main issue right now is that nobody seems to have a firm grasp on the size of the impact this asteroid is going to make. If they do, they sure aren't sharing it nor should they. Now is the time to profit, friends. Keep shorting the banks and construction/ residential RE firms.