RE:RE:RE:RE:MATERIALLY BETTER THAN PREVIOUSLY EXPECTEDDudeRancher1953 wrote: Well Q2 EPS was right in the middle of your range so well done. I missed the CC however I did review the related presention slides. The market declines were substantially greater than I expected for the Q, the year and the 2021 projected (not by LNR) market growth was disappointing.
I think they are doing a good job, however they sure are in tough markets.
All in all, the situation does not look great to me.
Perhaps you and others see things in a more positive light?
The range I gave was quite wide so it wasn't much of a feat that the earnings were in the range. The fact that the actual earnings fell in the middle of my range is more about luck than about a great analysis.
I don't agree with you that the situation does not look good. The current losses are not about bad decision or poor execution. It is only a short term blip (for me anything less than 5 years is short term, this situation will most likely be mostly resolved next year). If loses due to a short term blip makes a stock price go down, that is good, it is called a buying opportunity.