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Beazer Homes (BZH) -9.8% after saying it will offer $75M in common stock and the same amount in...

Beazer Homes (BZH) -9.8% after saying it will offer $75M in common stock and the same amount in tangible equity units. Of the proceeds, the home builder plans invest up to $100M in real-estate in Florida, California, Texas, North Carolina and Arizona. (PR)
Comments (2)
  • More like they need the cash flow due to the poor business environment they are in. Housing market still is poor and these stocks are a sell. Especially TOL, trading at a ridiciulous multiple to earnings and book. Another Wall Street darling.
    10 Jul 2012, 08:39 AM Reply Like
  • They are absolute idiots! Diluting their shareholders by a total of 40% so that they can have more money to keep them busy, not to help the poor shareholders who have suffered through the decline of 90% in their share prices! Who needs this kind of management thinking? Whose pockets are getting lined here? My shares are for sale as soon as the market recovers the 10% shellacking it is taking today - if it recovers. The market understands what's going on very well. Hope the dummies that are advising management get a clue and reverse this dilution strategy!
    10 Jul 2012, 03:17 PM Reply Like
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