01-23-2004, 04:56 PM
Nope. They could get bought for a 30% premium and still improve the buyer's P/E ratio because they are only trading at 7x earnings.
Also, mortgage rates aren't increasing like people thought, so originations (refinancing + new homes) should be higher than expected, which would greatly help them.
$100 stock.
Also, mortgage rates aren't increasing like people thought, so originations (refinancing + new homes) should be higher than expected, which would greatly help them.
$100 stock.