Tuesday Morning: Home Builder Lennar Losing Almost $3 Million a Day

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Good Morning. The big home builder Lennar reported this morning that it lost $244 million in the quarter ending May 30 -- that’s $2.7 million a day by our math. Not good.

From Reuters: ‘As we look to our third quarter and the remainder of 2007, we continue to see weak, and perhaps deteriorating, market conditions,’ Stuart Miller, chief executive, said in a statement.

Thoughts? Comments?
Photo Credit: Reuters