Lennar Looks Too Hard

Was Lennar (LEN - commentary - Cramer's Take) being gutsy? Prescient? Boastful? Wishful? I am talking about that guidance it delivered today, guidance that then morphed into a goal but still did gigantic damage to the shorts.

Stuart Miller is a total stand-up guy. He's helped make Lennar one of the few premier national homebuilders. He's done it by offering quality, well-built homes and by making shrewd real estate deals.

But now his company, along with many others, is feeling the brunt of the pain.

Which is why I was so astonished by his goal. I believe it is too aggressive. I believe that he has left himself little room to maneuver.

I am, in the end, a UPOD -- underpromise, overdeliver -- guy. I never want to see management make goals that it can miss. I don't mind seeing a stretch goal now and then, but if I am going to get behind a stock I have to minimize the possibility of disappointment.

I sure hope Stuart can pull it off. But he has just made his stock, in my eyes, more of a sale than a buy, particularly after the bump we just got today.

Random musings: Alert, alert, alert! TheStreet.com TV video I shot with Aaron Task this morning is on the site now for you to watch. Click here, you need to know what's going on in Rackable (RACK - commentary - Cramer's Take) and trucking and more. Things come up in these conversations that I just can't generate writing on my own; you've got to see these clips to get the whole picture.

At the time of publication, Cramer had no positions in any of the stocks mentioned.

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