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S&P 500: 1,337.74 Change: -1.03%
JHigginbottom
P&P Score: 73.20 | Points: 0.00 | Accuracy: 53.49 | Average Pick Score: 1.49   Annual Return: N/A  
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Commentary
SELL: LENNAR CP CL A (LEN) Rating: 2
Start Price: $18.00
Points: -38.16
Created: 12/20/2007
While I believe housing prices will moderate during the late spring or early summer market in 2008 (partially due to lower interest rates), I do not think this will be enough for Lennar. Its CEO recently announced it will mothball properties (hold them til the market improves), I believe this could force a liquidity crunch for the company as it will not have enough cash to pay it and its JV's debts. This will eventually lead the company into bankruptcy and its stock to 0.

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