KB Homes (KBH -2%) slips today after earlier pricing an offering of 5.5M shares at $18.25, a 2%...

|About: KB Home (KBH)|By:, SA News Editor

KB Homes (KBH -2%) slips today after earlier pricing an offering of 5.5M shares at $18.25, a 2% discount to Wednesday's close. The home builder also said it plans to offer $200M of 1.375% convertible senior notes due 2019. MKM says that although there may be some near term weakness on the news, it still trades at a discount at its peers and is worth buying on the dip.