I have definitely been speculating that it will happen and this morning Beazer Homes was the victim of the gossip. Reuters Beazer says bankruptcy rumors are unfounded Wednesday August 1, 12:34 pm ET NEW YORK (Reuters) – Beazer Homes USA Inc. (NYSE:BZH – News) said on Wednesday that rumors it would soon be filing for …
Tagged: Home Builders
Financials – NO! OY! YUCK! ZOINK!
Wow – what a mess. It’s like an airplane urinal after a coast to coast flight. Today, we got the first ‘give up’ an admission that a lender just can’t make it. I love their name – American Home Lenders (AHM). They sure lent. Like I always quote from Seinfeld – ‘You know how to …
Bulls get 'ShitKicked'…Long Live 'Fleck'
About time. Who the hell knows why (except Fleckenstein and Trader Tim). Like Apple was not due for a trouncing after a 50 point run. Like Baidu was not due for the same after a straight 80 points. Now I won’t sit hear and say this is good for anybody. That’s just crap. I want …
Homebuilders – Still a Value Trap, But I am Going To Dabble
I have seen enough damage for now. I have been watching the death spirals nicely from the sidelines, but I feel a good rally at hand. I am going to stick with the Southwest geography with Meritage Homes (MTH) and a homebuilder ETF – please let me know some ETF symbols. I know Steve from …
Homebuilders – Welcome to Value Trap HELL!
Beazer Homes (BZH) just blew up again. Recently, I have been harping on the inevitable declines ahead. Tonight, it is further playing out as usual. The rise, the distribution, the fall and the denial. Through it all, shameless promotion and lies. In the end, millions of small shareholders will own 100 share lots of Beazer …