KB Home Down 16%

Remember when said David Tepper said he was buying the home builders, KB Home being one of them. That took some guts. However, it probably wasn't the best idea. Especially if you were somebody who went along with Tepper and bought KB Home. Tepper wasn't the only stock trading 'guru' who said you should buy the home builders though, James Altucher was another contrarian investor, although he didn't have KB Home on his list of home builders to buy. Reuters has the details on KB Homes earnings report this morning:

The Los Angeles-based homebuilder that targets first-time

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Tagged crushed, home builders, kb homes

James Altucher Says Buy Home Builders

James Altucher joins the contrarian call to buy the home builders as he sees new homes sales increasing but new home starts falling. The supply is going down but demand is going up, he says. Altucher is not thing only one buying the home builders, hedge fund manager David Tipper made a similar call. Which in one sense seems crazy right now, so perhaps it's a wise move. Mr. Altucher says the home builder stocks to buy are these: I’d buy a basket of stocks in the industry, in particular the guys who have managed to post profits despite

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Tagged contrarian, home builders, james altucher

David Tepper Bets on Home Builders, Should You

Reuters Pictures David Tepper, the legendary Appaloosa Management hedge fund guru, has made a big bet on home builders, just when these stocks are perhaps most hated.  He did the same with the bank stocks bank in 2009, at the nadir of the collapse of the stock market, which turned out to be an ingenious investment. Buying stocks that are hated is something that Warren Buffett favors as well.  It does take some guts though to step in and buy the home builders, especially when they are now talking of a double dip in the housing market. Tepper bought these

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Tagged david tepper, home builders, paid to wait