Seeking Alpha

Are builders buying again? Meritage Homes (MTH) just bought 80 finished lots at an 81% discount...

Are builders buying again? Meritage Homes (MTH) just bought 80 finished lots at an 81% discount in Arizona. Not a trend yet, says MTH, as values continue to drop. But CFO Larry Seay thinks with "innovative new financing structures, we could potentially tie up a lot of land with relatively little investment."
Comments (3)
  • You'd think at this point, Mr. Seay might realize that dropping the words "innovative" and "financing" in the same sentence is not the best idea.
    21 Apr 2009, 01:01 PM Reply Like
  • "...innovative new financing structures..."

     

    ugh
    21 Apr 2009, 01:03 PM Reply Like
  • "... that tie up a lot of land with relatively little investment."

     

    I seem to recall us trying this before a few times and it not working out so well?

     

    On Apr 21 01:03 PM coloneldebugger wrote:

     

    > "...innovative new financing structures..."
    >
    > ugh
    21 Apr 2009, 01:04 PM Reply Like
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