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GLG News by Homebuilders Industry Accounting Experts

David Keller, Chief Financial Officer
Technical Olympic USA Inc.
Analysis of: Decline in Home Prices Accelerates (online.wsj.com)
Issues associated with loss of income tax benefits result in accelerated reduction of book value in homebuilders.
David Keller, Chief Financial Officer
Technical Olympic USA Inc.
Analysis of: Decline in Home Prices Accelerates (online.wsj.com)
Unforseen risks associated with homebuilder joint venture agreements and accompanying completion agreements.
David Keller, Chief Financial Officer
Technical Olympic USA Inc.
Analysis of: Analyzing Homebuilder Risks (seekingalpha.com)
What will happen in 2008 for the homebuilding industry? Will cash be generated? Will there be failures? Will there be profits?
David Keller, Chief Financial Officer
Technical Olympic USA Inc.
Analysis of: INCOME TAX UPDATE FOR HOMEBUILDERS (online.wsj.com)
What are the econonmic and cash impacts from a tax standpoint of large impairment losses recorded by homebuilders?  How/when can cash be recovered from these losses?
David Keller, Chief Financial Officer
Technical Olympic USA Inc.
Analysis of: Homebuilding Gross Margins May not Be What They Seem (online.wsj.com)
Some reported gross margins from home sales may appear to be higher than they really are.  Investors should be alert for situations where reported gross margins are inflated by prior inventory writedowns.
David Keller, Chief Financial Officer
Technical Olympic USA Inc.
Analysis of: credit flu may delay housing recovery (ww.wsjournal.com)
Consolidation will occur in the industry The strongest companies will survive the downturn five years from now there will be significant changes to the industry  
John Burns, President
Analysis of: No Housing Turnaround for Two Years? (www.businessweek.com)
1. Favorite First-to-Turn-Around Markets 2. Favorite Long-Term Markets 3. Favorite Market After Housing Bottoms 4. Favorite Fairly Priced, Highly Competitive Markets
John Burns, President
Analysis of: No Housing Turnaround for Two Years? (www.businessweek.com)
Favorite First-to-Turn-Around Markets Favorite Long-Term Markets Favorite Market After Housing Bottoms Favorite Fairly Priced, Highly Competitive Markets
David Keller, Chief Financial Officer
Technical Olympic USA Inc.
Analysis of: Rule of Thumb Hammered (online.wsj.com)
Payment requirements under land option contracts are an important consideration when evaluating the cash flows of homebuilders.
John Burns, President
Analysis of: New-home sales continue decline (www.chicagotribune.com)
Why so many markets? Why so much in some markets? Why so little in other markets?

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