Great news, announced today, Pulte only made a loss of 587 million last quarter.
Their gobbled up company, Centex just announced a lost of 400 or so million. Thats so much better than the 900 million they lost in the same quarter last year.
By my reckoning thats ten straight months of eye watering losses.
Given each company have laid off between a third and half their staff, surely there's not much more cost cutting that can be done. House prices aint going to rise any time soon for these companies to make a profit.
Will someone explain to me how on earth is this new company, "Pultex" is going to thrive or will it just delay the inevitable giant bankruptcy (or bailout?).
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"Pultex", A viable business?
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