Lennar Corp (LEN) Options

Insanely cheap PE here. Up 105% here

LEN 10Q due March 13

LEN new 52 week high

LEN new 52 week high

Put options..The last push up all downhill from here back to $30 dollar land.
The housing market just slid into a full-blown correction, says top economist Mark Zandi
Housing demand is pulling back—fast—and the chief economist for Moody's Analytics has seen enough: "The housing market has peaked.

Lennar Corporation's earnings are projected to improve after a rough 2020 and 2021. For the third quarter of 2021, LEN is expected to see earnings of $3.29 non-GAAP per share, a 55% increase over 2020’s third quarter.

More details here:

https://www.savingadvice.com/articles/2021/07/21/1084826_buy-these-6-housing-stocks-for-a-rocket-to-the-moon.html

$LEN Premarket selling after yesterday’s gain

$LEN | #Lennar Corp Long into Earnings


Lennar is Bullish coming into earnings .
Stock has back-tested the breakout level as support and bounced on high volume .
20ma is also now support.
Longs into earnings have defined risk at $71.00
Possible upside targets $85-$88
Daily Chart Analysis on NYSE & NASDAQ

This stock keeps giving - very undervalued!!

Keeps going, about to break resistance line.

Awesome company here !!

Pulled back after a nice earnings beat. Watching for entry

Q2 Earnings Beat - 1.30 vs 1.14
Sales beat - 5.6B vs 5.1

This Leading Home-Builder Is Falling, Here's The Trade $LEN

This morning, most of the leading home-builder stocks are coming under selling pressure. Home-builder stocks such as Lennar Corp (NYSE:LEN), Toll Brothers Inc (NYSE:TOL), DR Horton Inc (NYSE:DHI) and other are all trading lower by more than 3.0 percent today. Many investors are blaming the recent Redfin Corp (NASDAQ:RDFN) guidance for the decline in the home-building sector, but the industry group has been slumping since the start of 2018.

Lennar Corp (NYSE:LEN) is one particular home-builder that has caught my eye. This stock topped out on January 22, 2018 at $72.17 a share. Since that high pivot, the stock has steadily declined lower throughout the year. Today, LEN stock is trading down by $2.43 to $50.94 a share. Traders should note that the stock has been trading in a sideways range since mid-May. This pattern tells me that there is one more move lower to go before the stock finds a defined bottom. Traders and investors must now watch the $45.00 area as the next major support level for the home-builder. This is where the stock broke out in February 2017. Very often, prior break-out levels will serve as major support when retested.





Nicholas Santiago
InTheMoneyStocks

In Las Vegas, a market dominated by public builders—the eight biggest builders there in 2016 were publics who controlled 75.4% of the market share, according to BUILDER’s Local Leaders data—American West Homes founder Larry Canarelli says the land competition is fierce. For those in the area who aren’t a public or large private builder, like American West, there aren’t many lots to go around. “The little guy, he is caught by wherever he can find between a 2.5- and 5-acre piece,” Canarelli says. “If the little guy finds a piece in North Las Vegas that he can put 12 houses on and he can buy it cheap, he’s gotta buy it. Because that’s all he can get.

“It’s not like it used to be where there would be 20-acre pieces that you could put 100 homesites on and maybe put a little community park in,” he adds. “Those pieces don’t exist now.”

As most high school juniors can tell you, when inventory is low and demand is high, prices rise. The June HMI survey also found that 81% of builders said the price of developed A lots was somewhat to substantially higher than it was the year prior. In comparison, 74% said the same was true with respect to B lots, and for C lots it was 65%.

Shrinking lot supply and rising land prices make business complicated for any builder. But for those at companies without large development teams or sizable capital backings, finding and buying land is even more of a reason to lose sleep. (Builder Magazine Feb 5, 2018)

LEN is a bright spot in a down market today. A lot of news reports are talking about low sales in the housing market but that is only due to low inventory. Higher rates should not impact LEN as long as demand is so strong. This should be a great year for LEN shares and MSPC is another great stock which happens to be up at the 52-week high on strong volume. Many of LEN's assets such as lots should be increased in value on upcoming financial filings which equates to higher intrinsic value per share. If that happens the share price should also increase.

LEN is in the hottest markets which I think is key to a successful 2018. If you look at KBH or TOL you will see that they are on the fringes of some of the hottest markets but, unless I am missing something, they are not in the heart of the very hottest real estate markets like LEN and other competitors. This bodes well for LEN. As long as LEN can continue to divine which markets will be the hottest and avoid getting trapped in downside markets it should be a great year. What makes a hot market? High demand mostly but low supply can be a contributing factor. Here in California, we are experiencing very tight market conditions. There are very few existing homes on the market and many buyers ready to pounce on anything that moves. Anyone can put their house up for sale for any price within reason and it will sell like a hot cake in December. If LEN cannot capitalize on these market conditions I will be astounded.

For those worried about interest rates, I disagree that higher rates will be a problem. LEN operates like a bank and makes money on higher interest rates as long as they don't rise too high too quickly. Lawrence Yun, prominent economist, recently stated on NBR that 6% would be a possible tipping point where drag would be introduced.

Brian Bandell
American City Business Journals•February 14, 2018

Lennar Corp. has reclaimed its spot as the nation’s largest homebuilder after completing the acquisition of CalAtlantic Group. Miami-based Lennar (LEN) and Virginia-based CalAtlantic (CAA) both received shareholder approval for the merger on Monday. Each share of CalAtantic may be exchanged for either 0.885 shares of Lennar or $48.26 in cash.

Sentiment: BUY

This report is typical for markets all around the country:

"The volume of housing sales is holding steady in the Cincinnati region as average and median home sales prices continue to rise and set new records.

The 2017 year-end average home price climbed to $202,169 compared to $190,908 in 2016, a 5.9 percent increase, and the December average sale price climbed to $198,356 compared to $190,625 a year earlier, a 4.06 percent increase, according to the Cincinnati Area Board of Realtors.

At the same time, the inventory of homes for sale, as of Dec. 31, continued its year-over-year declining trend to 4,360 from 5,049 a year ago, down 13.65 percent."
http://www.journal-news.com/news/this-area-housing-marker-hasn-been-this-strong-awhile-here-the-data-that-prove/Xb2fDYWOcQSH6S2CiEDW1H/
Feb 8, 2018
Journal-News

Lower inventories, high demand and higher prices is going on in several regions. Hopefully, LEN can capitalize on the positive market and have a great 2018.

Is Lennar Corp(NYSE:LEN) Signaling Lower Prices For Home-builders?

Leading home-builder stock Lennar Corp(NYSE:LEN) has been steadily falling since June 20, 2017. At that time, the stock traded as high as $55.75 a share, since then LEN shares have declined to $50.32 a share. The stock is now trading below its 50-day moving average which puts it in a weak technical position. Should LEN stock trade and close below its 200-day moving average it would be very negative for the stock. Traders and investors will need to watch the $46.00 to $47.00 level as the next major support area for LEN stock. This will likely be a very attractive level for a bounce in the share price.



Nicholas Santiago
InTheMoneyStocks

Lennar to Houston: We have a problem (1/15/15)

(Reuters) - Lennar Corp (LEN.N), the second-largest U.S. homebuilder by the number of homes sold, said it expects 2015 margins to be squeezed as falling oil prices hurt demand in Houston, a city heavily dependent on the energy sector.

The warning overshadowed a 50 percent jump in quarterly profit and pushed Lennar's shares down as much as 9 percent.

Shares of rivals D.R. Horton Inc (DHI.N) and PulteGroup Inc (PHM.N) were also hit.

Houston accounted for about 12 percent of Lennar's homebuilding revenue in 2013.

"We're well positioned (in Houston) but we're smart enough to know that as oil moves down, there may be some job loss, primarily more on the higher end, and it could impact pricing," a company executive said on a conference call.

The first oil industry layoffs have already been announced in Houston, with realtors there predicting a decline of up to 12 percent in home sales this year.

Lennar said it expected 2015 gross margin of 24 percent, down from 25.4 percent in 2014.

Florida-based Lennar is not the only one to warn on margins for the current year. Smaller rival KB Home (KBH.N) said it expects higher labor and land costs and sale incentives to hit margins in 2015.

"Lennar as well as the overall industry's pricing power has peaked. We expect flat to somewhat down pricing going forward. This is going to lead to lower margins probably for the next couple of years," Jim Krapfel, an analyst with research firm Morningstar, said.

Lennar has so far been able to raise prices despite a choppy recovery in the U.S. housing market as it mainly caters to buyers looking to upgrade to a bigger home. Such buyers are generally not affected much by volatile interest rates.

The company's gross margin fell for the first time in three years in the fourth quarter ended Nov. 30.

Chief Executive Stuart Miller said he remained optimistic about the housing recovery, citing falling gasoline prices, low interest rates and the Federal Housing Administration's decision to cut premiums.

Lennar earned $1.07 per share in the fourth quarter, trumping the average analyst estimate of 96 cents per share, according to Thomson Reuters I/B/E/S.

Lennar's shares were down 6.3 percent at $42.88 on the New York Stock Exchange.

Up to Wednesday's close, the company's stock had risen about 20 percent in the past 12 months, compared with a 12 percent rise in the Dow Jones Home Construction Index .DJUSHB.

http://www.reuters.com/article/2015/01/15/us-lennar-results-idUSKBN0KO12H20150115

Tripled down today...LEN

http://realestate.msn.com/2014-housing-outlook-home-prices-head-higher

Housing is BACK!

Fannie just recorded the largest profit ever! Soon to be released from C-ship.
http://finance.yahoo.com/news/fannie-earns-6-5b-4q-130002054.html

41.71 Solid day.

41.71 Solid day.

Analyst Actions: Lennar Upgraded to Conviction Buy at Goldman, PT Raised $10; Shares Spike 3% Early 02/06 04:26 AM

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07:26 AM EST, 02/06/2014 (MT Newswires) -- Home builder Lennar Corporation (LEN:$41.49,00$1.91,004.83%) has been upgraded to a Conviction Buy rating from Neutral by analysts at Goldman Sachs. The firm also raised its price target on the stock to $48 from $38 a share.

"We believe the market is valuing LEN almost exclusively for its core homebuilder business," said Goldman Sachs, "while ascribing little value to its ancillary businesses."

The firm also said it expects expects new home sales growth to reach 20% by Q4 of 2014 from 5% in Q1 2014.

Shares of LEN are up 3.39% to $40.92 in pre-market trading, moving within a 52-week range of $30.90 - $44.40.

Price: 40.92, Change: +1.34, Percent Change: +3.39


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Get more news on:SYMBOLS: LEN NEWS TYPE: Extended Trading, Pre-Market Movers, Analyst Ratings, Ratings: Upgrades and Downgrades, Ratings: Upgrades SECTORS: Consumer Discretionary, Household Durables, Industrials, Construction and Engineering

Chart looking strong.

COVERAGE REITERATED: Lennar (LEN) reiterated by RBC Capital Mkts. Reiterated rating Outperform. 12/20 05:22 AM




Get more news on:SYMBOLS: LENNEWS TYPE: Ratings: Upgrades and DowngradesSECTORS: Consumer Discretionary, Household Durables, Industrials, Construction and Engineering

5.34% up to $37.06

Very nice work today...HOD $37.63

$36.12 current with HOD of $36.97

I will take it...more to come...Fed day for earnings day is not the best...

We will see, premarket is one thing...Futures are coming back a bit with Bernanke opening his mouth today, who knows what will come out.

I do have high hopes for LEN though...and the other housing stocks I am in...charts are all looking prime for a recovery in the pps...

LEN GAPPING 36.75

News Alert: Lennar Reports Fourth Quarter EPS of $0.73

LEN revenue jumps 42%%; Asia Europe Futures green, gonna be a bright sun shiny day!

.73 vs .56 a year ago...nice$

I have been in this for a while and se huge upside for housing sector stocks.

Lennar Prevails in Defamation and Extortion Case Against Marsch; Jury Awards $1 Billion in Damages




Lennar (NYSE:LEN)
Intraday Stock Chart

Today : Tuesday 3 December 2013
Click Here for more Lennar Charts.


MIAMI, Dec. 3, 2013 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's largest homebuilders, announced that a civil jury on Monday awarded Lennar Corporation $1 billion in damages against California developer Nicolas Marsch III and his company, Briarwood Capital LLC, on court findings of defamation and conspiracy to extort money from the Company.

"While collecting the award is doubtful, the true value of the verdict is the validation of our integrity, credibility and transparency, which have always been cornerstones of our foundation," said Lennar's Chief Executive Officer, Stuart Miller. "The jury award represents a complete vindication of Lennar's reputation and good name."

The $1 billion jury award, which includes punitive damages, brings to an end seven years of litigation in which courts in California and Florida vindicated Lennar's positions and rejected Marsch's accusations.

The jury awarded damages following proceedings and findings by the trial court that Marsch was liable for conspiring with convicted felon Barry Minkow to engage in an unlawful scheme to extort money from Lennar. In 2011, Minkow returned to federal prison to serve a five-year term for his role in the same extortion and defamation scheme.

The jury delivered a verdict against Marsch and Briarwood of $802 million in compensatory damages as well as $200 million in punitive damages. Despite receiving repeated notices from the court and Lennar, Marsch declined to appear at Monday's trial and testify before the jury.

"The jury's award sends an unmistakable message that you cannot extort companies and lie for money and expect to get away with it," said Daniel Petrocelli of O'Melveny & Myers, the lead trial counsel for Lennar.

About Lennar
Lennar Corporation, founded in 1954, is one of the nation's largest builders of quality homes for all generations. The Company builds affordable, move-up and retirement homes primarily under the Lennar brand name. Lennar's Financial Services segment provides mortgage financing, title insurance and closing services for both buyers of the Company's homes and others. Lennar's Rialto Investments segment is a top-tier, vertically integrated asset management platform focused on investing throughout the commercial real estate capital structure. Previous press releases and further information about the Company may be obtained at the "Investor Relations" section of the Company's website, www.lennar.com.

Note Regarding Forward-Looking Statements
Some of the statements in this press release are "forward-looking statements," as that term is defined in the Private Securities Litigation Reform Act of 1995, including statements regarding the jury award. These forward-looking statements are subject to risks, uncertainties and assumptions. Accordingly, these forward-looking statements should be evaluated with consideration given to the many risks and uncertainties that could cause actual results and events to differ materially from those in the forward-looking statements, including the risk that we may not be able to collect the full amount or any of the jury award. New risks emerge from time to time. It is not possible for management to predict all such risk factors or to assess the impact of such risks on our business. Accordingly, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

SOURCE Lennar Corporation

Copyright 2013 PR Newswire

Big pop and fade, let's do it again tomorrow. Lots of eyes coming back to homebuilders.

Lennar Corporation's Fourth Quarter Earnings Conference Call To Be Broadcast Live On The Internet

Friday , December 21, 2012 10:09ET

MIAMI, Dec. 21, 2012 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's largest homebuilders, announced today that the Company will release earnings for the fourth quarter and year ended November 30, 2012 before the market opens on January 15, 2013. Additionally, the Company will hold a conference call on January 15, 2013 at 11:00 a.m. Eastern Time.

The call will be broadcast live on the Internet and can be accessed through Lennar's website at www.lennar.com. If you are unable to participate during the live webcast, the call will be archived at www.lennar.com for 90 days.

In order to listen to the live event, a participant must have a multimedia computer with speakers and Windows Media Player. To download the software prior to the event, please visit www.lennar.com, click the conference call link on the home page and follow the pre-event instructions.

Lennar Corporation, founded in 1954, is one of the nation's leading builders of quality homes for all generations. The Company builds affordable, move-up and retirement homes primarily under the Lennar brand name. Lennar's Financial Services segment provides mortgage financing, title insurance and closing services for both buyers of the Company's homes and others. Lennar's Rialto Investments segment is focused on distressed real estate asset investments, asset management and workout strategies. Previous press releases and further information about the Company may be obtained at the "Investor Relations" section of the Company's website, www.lennar.com.

SOURCE Lennar Corporation

LEN breakout watch above 39.05

Strong on a weak market day almost ready to breakout

BREAKOUT WATCH for possible breakout above 39.05, no resistance in area just above.
Type: True breakout from triple resistance.
Target: 42.23, 8.3% Stop: 37.77, Loss: 3.2%, Profit/Loss ratio: 2.6 : 1 - Good

CURRENT PRICE 39.01, at resistance, 38.39 ± 0.65, type triple, strength 9

RESISTANCE ABOVE None.

source: http://www.stockconsultant.com

Forgot about this one, kinda glad I sold out Tuesday as I was thinking it'd move higher but things teetering after the banks. Market not happy

Good times, Dividend next Thursday. Deep pockets like dividends, they will load up for just that. Goodluck

Rolled in today from my Pulte profits, I like the strong hold here next day after a close 7% push. Look for the next leg up guys.. Cheers.

Entry @ 37.35-37.45

Target @ 38.25-38.50

(keeping a nice block long to 42.10

Hah folks.. this has been supa pumped with PHM for months now, since 2012 started really. Don't fight the money in these, go with the flow

I love how I call a stock's direction two years in advance, talk myself out of it and and bail before it actually happens. Oh well...there's always AAPL.

I jumped out of LEN again and took a decent but unremarkable profit. Started a modest investment in CODI with a 1000 share purchase in a retirement account. I just couldn't resist that 10%+ dividend. I got in at $13.92 and it will of course drop $.36 cents or so after it goes ex on 1/24 but I still think it has a bit of appreciation potential as well. Was as high as $18 something last August and 2012 is supposed to be the "year of the dividend". I don't see Lennar having a lot more than another 15% in it at best over the next 12 months and it's too risky to chase.

SEC Admin Proceeding against Barry Minkow re-Lennar Corp.

http://www.sec.gov/litigation/admin/2011/ia-3320.pdf

Haven't been paying any attention to LEN at all since I bailed with some decent profits earlier this year. I would definitely been in at $14 had I been around and watched what was going on. I have a feeling we'll see $14 again...now is just the wrong time of year to be playing these stocks. April right after earnings is usually a better time in a strong market...January in a weak one. Of course I have called LEN wrong early consistently so I'm probably late this time around...IMHO.

Strong performance today. Good enough for confirmed reversal????
Hope so.

Waiting for a confirmed bottom before buying in again.

Round three for me.

Go Bulls Goooooooooooooooooooooooooo,

LEN lost $220 million market cap today and ~ $800 million market cap in the last month.

Multiply that loss by the thousands of other public companies and the combined losses are in the trillions of dollars in market capitalizations.

GULP.