Ryland 2nd QTR Earnings

Ryland homes reported a net loss of $73 million on Wednesday, the equivalent of $1.70 per share.  This number was actually better than 2QTR 2008 in which the net loss was $241 million.  Their profit margin was up from 6% in the 1st QTR to 7.8%, which probably derives from cost saving measures.  The company also closed a $200 million line of credit saying that it has sufficient cash for the foreseeable future.  Source: shareholder.com