I think their operating margin could be down a half-percentage point through calendar 2007.
It's a hope. I don't think they're doing anything that is unique to promise a second-half pickup. They're basically at the mercy of what the demand will be in the market.
That helps offset the slowing housing market. They have diversification that a lot of other builders don't have. But I do think their earnings growth will slow. There's no doubt about that.
They're serving a need much more than a want than say a Toll or a higher-end builder.
This website focuses on proverbs in the Swedish, Danish and Norwegian languages, and some parts including the links below have not been translated to English. They are mainly FAQs, various information and webpages for improving the collection.
This website focuses on proverbs in the Swedish, Danish and Norwegian languages, and some parts including the links below have not been translated to English. They are mainly FAQs, various information and webpages for improving the collection.