Description: A 54% jump in quarterly profits buoyed shares of the luxury home builder despite a beleaguered housing market.
Source: CNNMoney.com – video report
Date: 08/24/2011
Link: http://money.cnn.com/video/markets/2011/08/24/mkts_midday_toll.cnnmoney/
Questions for discussion:
- Explain the reasons why some analysts might suggest that the financial improvements in this firm are “good news†for the economy as a whole.
- How important are mortgage interest rates for this company and to its customers?
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