Relevant:
- Lennar Reports Third-Quarter Profit as Margins Widen
- Lennar Climbs Most in Month After Profit Beats Estimates on Cost Cutting
- Lennar Quarterly Profit Declines on Homebuilder's Rialto Investments Unit
- Lennar Earnings Beat Analyst Estimates
- Lennar Looks to Distressed Debt as Homebuilding Slump Persists
2011-03-29 — bloomberg.com
"Lennar Corp. (LEN), the second-most profitable U.S. homebuilder last year, reported a surprise first-quarter profit as the company cut costs and added income from its distressed-investing unit." -- The homebuilder now making money as a distressed asset hedge fund, seeded with capital from ad hoc Treasury tax breaks. What a system!
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