Lennar Corp. (NYSE: LEN ) is the third largest builder of single family attached and detached homes across most of the U.S.. It also engages in real estate development and trading and has an attractive pipeline of land due to opportunistic buying in a distressed housing market.
Elsewhere in scandal-land, Sam Waksal pleaded guilty to charges of insider trading in the shares of his firm, ImClone, in return for keeping his daughter out of jail.
The contrarian walled deep inside newsletter land might want to sell people on the idea that oil prices, trading sideways all year, are heading to the vicinity of 50 bucks a barrel.