Money Investor
Long/short equity

Mea Culpa: Beazer Homes May Be Best Speculative Play In Homebuilding

I previously highlighted Beazer Homes (NYSE:BZH) as one of the riskier names in the homebuilder group for a number of reasons that can be found in the aforementioned article. I have completely changed my opinion that Beazer should be avoided. It is my belief that Beazer is still a speculative play compared to the other homebuilders but that it now potentially offers the most upside of the legacy homebuilders that survived the housing downturn. Where the story now begins to get interesting for Beazer are the options the company has to potentially de-lever its balance sheet as a standalone company. With a tax asset the company continues to gain more belief in its ability to monetize, Beazer will...

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