Last week, the annual J.P. Morgan Basics and Industrials Conference was held in Chicago.
Ryland Group Inc. was one of the presenters. The company builds and markets single-family detached homes as well as town homes and condominiums, etc.
So, the CEO of Ryland Group, Chairman and CEO R. Chad Dreier, gets up and gives his presentation about his company and the real estate market, as a whole. Things look grim, according to him.
However, “We do think if youâ€™re dumb enough to buy a home builder (share), you ought to buy us,” he said.
I love that type of humor. Hilarious!
Source: Kudos For Telling It Like It Is! – By Diana Olick, CNBC