by Calculated Risk on 6/14/2007 02:24:00 AM

I've confirmed with a reliable source that Managing Director and homebuilding Equity Research Analyst Ivy Zelman has left Credit Suisse. (hat tip Cal)

Ms. Zelman gained fame among housing bloggers when she confronted Toll Brothers CEO Bob Toll during an analyst conference call in 2006 by asking: "Which Kool-aid are you drinking?"

Beyond the conference call quips, Zelman is a serious and award winning analyst. Zelman was honored as the highest rated housing analyst in the nation by both the Institutional Investors All American Research Team and the Greenwich Associates Institutional Research Services Poll.

Zelman's research was thoughtful and thorough. She always called it straight, and she never drank the Kool-Aid.

I wish her all the best in her future endeavors.