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Organizing your community to bring public attention to builder’s bad deeds and seeking assistance from local, state and federal elected officials has proven to be more effective and much quicker for thousands of families. You do have choices and alternatives.  Janet Ahmad

Ryland Homes stock down
Thursday, 25 May 2006
UPDATE 1-Ryland lowers 2006 earnings outlook on weak sales
Home builder Ryland Group Inc. (RYL.N: Quote, Profile, Research) on Wednesday cut its 2006 earnings forecast as its second-quarter home sales are running 35 percent lower than a year earlier. The shares fell $1.05, or 2 percent, to $51.49 in extended trade.
Reuters
UPDATE 1-Ryland lowers 2006 earnings outlook on weak sales
Wed May 24, 2006

SAN FRANCISCO, May 24 (Reuters) - Home builder Ryland Group Inc. (RYL.N: Quote, Profile, Research) on Wednesday cut its 2006 earnings forecast as its second-quarter home sales are running 35 percent lower than a year earlier.

The shares fell $1.05, or 2 percent, to $51.49 in extended trade.

The Calabasas, California-based company said it expects 2006 earnings of $8.50 and $9.00 per share based on the sale of 16,500 to 17,000 homes with gross profit margins of 23.2 percent.

Ryland on April 20 lowered its forecast for 2006 earnings to $9.50 per share on projected sales of 17,500 homes with an average sale price of $300,000.

The company on Wednesday also forecast second-quarter earnings of $1.95 to $2.00 per share.

Ryland added that so far this year, it has bought back 2.2 million shares of its common stock for about $145 million.
http://today.reuters.com/investing/FinanceArticle.aspx?type=bondsNews&storyID=2006-05-24T233027Z_01_N24361625_RTRIDST_0_PROPERTY-RYLAND-OUTLOOK-UPDATE-1.XML

 
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Reckless Endangerment
BY: GRETCHEN MORGENSON
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Outsized Ambition, Greed and
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