Lennar Business Review

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Time	Slide	Summary
0.00	1	Welcome
0:14	2	Agenda
2:00	3	Disclaimer
3:09	4	What Does the Change in Rates Mean for Corporate Bond Investors?
8:53	5	When Does a Bond Become a ‘Sell’?
10:45	6	Ceilings and Floors of Bond Prices
12:16	7	Pricing Ranges of Recommended Bonds
15:47	8	When Does a Bond Become a ‘Sell’? (Cont’d)
18:56	9	Overview of New Bond Recommendations
22:57	10	Lennar Business Review
27:33	11	Lennar Nationwide Footprint
29:02	12	AECOM Business Review
33:40	13	Alphabet Business Review
38:17	14	Expedia Business Review
43:09	15	Financial Analysis (Credit Metrics)
49:32	16	Balance Sheet Analysis
51:59	17	Pricing Ranges of Recommended Bonds
53:13	18	Thank You and Tell a Friend!