Saturday, June 24, 2006
Bastards
from TheStreet.com
For instance, Oppenheim projects that KB Home (KBH:NYSE - commentary - research - Cramer's Take), which he rates neutral, will earn $1.15 a share in 2008. Last week, the company reduced its guidance for 2006, saying it should post earnings of $10 a share for the year.
KB's stock trades around $45, which appears cheap at 4.5 times this year's projected earnings. But if Oppenheim is to be believed about 2008, then the stock is trading at 39 times his estimates for that year. (He expects EPS to fall to $4.50 in 2007.)
And to think 2008 is the eve of the great migration with it coming into full swing in 2011.
The first Baby-boomers hit 65 in 2011 They are now 60 with enough who were smart enough to save for early retirement to start their migration early. This will only pick up steam over the next couple of years.
We will see...
For instance, Oppenheim projects that KB Home (KBH:NYSE - commentary - research - Cramer's Take), which he rates neutral, will earn $1.15 a share in 2008. Last week, the company reduced its guidance for 2006, saying it should post earnings of $10 a share for the year.
KB's stock trades around $45, which appears cheap at 4.5 times this year's projected earnings. But if Oppenheim is to be believed about 2008, then the stock is trading at 39 times his estimates for that year. (He expects EPS to fall to $4.50 in 2007.)
And to think 2008 is the eve of the great migration with it coming into full swing in 2011.
The first Baby-boomers hit 65 in 2011 They are now 60 with enough who were smart enough to save for early retirement to start their migration early. This will only pick up steam over the next couple of years.
We will see...
Subscribe to Posts [Atom]