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Lennar predicts fiscal 2010 profit, starts buying land

Lennar Corp., the third-largest U.S. homebuilder, expects to turn a profit in fiscal 2010 even after reporting a wider third-quarter loss, President and Chief Executive Officer Stuart Miller said Monday. The company acquired 3,600 finished home sites and parcels of land this quarter to position Lennar for future growth and take advantage of favorable prices, Miller ...

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