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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Smiling Bob who wrote (86941)8/24/2007 1:15:33 PM
From: Lizzie TudorRead Replies (2) | Respond to of 306849
 
I can't believe BZH is trading where it is. It should be $5 right now or less. There is so much noise coming out of the company management that BK is on the horizon.... and yet somebody doesn't believe it. I don't get it.

This kind of thing is practically impossible to recover from:

LOS ANGELES (Reuters) - Beazer Homes USA Inc (BZH.N: Quote, Profile , Research) said on Tuesday it sued U.S. Bank National Association in federal court in Atlanta, asking the court to rule that a delay in filing its quarterly report did not constitute a default on $1.3 billion of its outstanding notes.