Shares digital

Taylor Wimpey (TW.) 167p

The house builder saw UK gains wiped out by overseas write-downs, causing the group to make a loss for 2007. (Read the full story: www.sharesmagazine.com/node/3560)

Shares says: Even if US interest rates go, as some are predicting, all the way down to 1% by the summer, it will be too late for the American housing market. HOLD

FT says: Taking the long view, now might be the ideal time to snap up a well-run company that has already lost two thirds of its value since the summer. But realistically, no time frame is going to make exposure to US new builds appealing.

The Guardian says:The distressed state of the US housing market has pushed Taylor Wimpey into the red and forced it to suspend its share buyback scheme.

The City says: The underlying trends and the problems that remain in the US housing market suggest that the group will underperform its UK only peers for at least another year.