Thursday, December 04, 2008
Beazer Homes' Stock Price Soars on Weak Outlook
Even though the quarterly loss more than tripled at Beazer Homes (BZH-$2.06) and its management expects losses to continue through 2009, the share price of the homebuilder has jumped more than 65 percent in the last two trading days—Why? "All dogs have their day; even rabid dogs," said Scottish historian Thomas Carlisle. This dog is full of fleas. Avoid— for the company could find itself with little borrowing capacity needed to stay afloat until industry conditions improve…. continue reading….