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Lennar Rides on Strong Housing Demand, Rising Costs a Woe

2017-12-12 zacks
Lennar Corporation’s (LEN - Free Report) diversified line of home offerings for first-time, move-up and active adult homebuyers and positive housing market fundamental are the driving factors for this leading homebuilder in the United States. However, labor shortage along with rising land and labor costs pose a threat to the company’s margins. Last quarter, the company’s earnings and revenues surpassed expectations on for the seventh time in a row. (24-0)

Housing trends favor builders focused on entry-level buyers

Shares of the 10 builders with the most completed sales in 2016 are up an average of 60.8 percent. And exchange-traded funds, or ETFs, that invest in homebuilders have also notched gains that eclipse the growth in the broader U.S. stock market. (13-0)

ACT NOW: Monteverde & Associates PC Announces An Investigation Of CalAtlantic Group, Inc. - CAA

2017-11-27 accesswire
NEW YORK, NY / ACCESSWIRE / November 27, 2017 / Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a boutique securities firm headquartered at the Empire State Building in New York City, is investigating CalAtlantic Group, Inc. ("CalAtlantic" or the "Company") (NYSE: CAA) relating to the sale of the Company to Lennar Corporation (LEN). As a result of the merger, each CalAtlantic share will be exchanged for 0. (12-0)

Is a Surprise Coming for CalAtlantic (CAA) This Earnings Season?

2017-11-08 zacks
Investors are always looking for stocks that are poised to beat at earnings season and CalAtlantic Group, Inc. (CAA - Free Report) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report. That is because CalAtlantic is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. (29-0)

36 Stocks For November 2017

2017-11-06 seekingalpha
Every month, we construct a theoretical long/short portfolio of stocks that demonstrates solid relative value with potential for ongoing cash flow growth and ROIC expansion. (703-1)

SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces an Investigation of CalAtlantic Group, Inc. - CAA

2017-11-04 accesswire
BALA CYNWYD, PA / ACCESSWIRE / November 3, 2017 / The law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of CalAtlantic Group, Inc. ("CalAtlantic" or the "Company") (NYSE: CAA - News) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the sale of the Company to Lennar Corporation ("Lennar"). (12-0)

Featured Company News - Lennar Acquires CalAtlantic Group to Form One of the Largest Home Building Company in the US

2017-11-01 accesswire
LONDON, UK / ACCESSWIRE / November 1, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Lennar Corp. (NYSE: LEN), following which we have published a free report that can be viewed by signing up at The Company announced on October 30, 2017, that it has entered into an agreement to acquire CalAtlantic Group, Inc. (27-0)

CAA / CalAtlantic Group, Inc. - Stock Institutional Ownership and Shareholders -

CalAtlantic Group, Inc. (NYSE:CAA) has 301 institutional investors and shareholders that have filed 13D/G or 13F forms with the Securities Exchange Commission (SEC). These institutions hold a total of 101,960,942 shares. Largest shareholders include Matlinpatterson Global Advisers Llc, FMR LLC / Fidelity Management & Research, Vanguard Group Inc, Sanders Capital, LLC, and Hexavest Inc.. (11-0)

Lennar and CalAtlantic Agree on a $9.3 Billion Merger Deal

2017-10-31 zacks
Lennar Corp. (LEN - Free Report) has agreed to take over CalAtlantic Group Inc. (CAA - Free Report) in a $9.3 billion deal (including debt), which will create one of the the country’s top three home builders in 24 of the top 30 U.S. markets. Post this announcement CalAtlantic shares increased 21.3% to $49.07 in yesterday’s trading. Lennar’s shares, however, were down 4% at $55.68. The Deal CalAtlantic investors would be allowed to exchange each share they own for 0. (15-0)

Lennar Becomes The Biggest U.S. Homebuilder Following CalAtlantic Acquisition

2017-10-31 seekingalpha
I like the negative reaction in response to the deal as well as lower valuation multiple, but I am not pulling the buy trigger yet. (11-0)

Lennar Makes Deal for CalAtlantic as Home Builders Face Challenges - The New York Times

2017-10-31 nytimes
The home-building sector in the United States has faced an array of challenges, including natural disasters, a long-running labor shortage and increased regulatory costs. Now, two of the nation’s biggest residential-construction companies are merging in hopes that their combined heft will help them counter those forces. (12-0)

Cheeseburger emoji debate; Lennar’s big deal; toymaker troubles

2017-10-31 sfgate
If you want to see one debate that symbolizes the world of Twitter, consider the tongue-in-cheek one that erupted over the weekend concerning Apple and Google. There was a little meat and a lot of cheesiness. GeekWire reported that author Thomas Baekdal started it by tweeting a side-by-side comparison of the Apple and Google cheeseburger emoji. Apple has the cheese on top of the meat, while Google (gasp!) has it below. (12-0)

The Florida Home Billionaires Behind Lennar's CalAtlantic Deal - Bloomberg

2017-10-30 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (12-0)

US stocks retreat from records - Channel NewsAsia

2017-10-30 channelnewsasia
NEW YORK: Wall Street stocks dropped on Monday (Oct 30) as markets digested recent gains at the start of a week heavy on economic news, including a Federal Reserve policy meeting. (19-0)

UPDATE 3-Lennar buys CalAtlantic to become largest U.S. homebuilder

2017-10-30 reuters
(Reuters) - Lennar Corp (LEN.N) will buy smaller rival CalAtlantic Group Inc (CAA.N) for almost $6 billion, creating the largest homebuilder in the United States as it strives to deal with higher land acquisition costs and a tighter labor market. (12-0)

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