We believe MDC has greater risk of earnings decline due to lower margins from its short land supply and exposure to markets where affordability is stretched.

248

We believe that following the sharp rally at the start of '06, home-building stocks may come under pressure on eroding fundamentals.

182

While we have expected weaker trends in orders, we were surprised by the magnitude of the 20% decline in the quarter given the significant community growth.

141

We do not believe that the proposed transaction is an indication that we'll see a significant increase in buyout activity.

129

While there may still be some downside to earnings, we think the sharp reduction will likely be viewed as being relatively better than other companies, who may need several modest reductions or a sharper reduction in guidance later in the year.

91