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Forestar Group Inc. (FOR)

  • Tue, Jan. 6, 6:56 PM
    • Two activist investment groups have sent an open letter to management of Forestar Group (NYSE:FOR) seeking changes in strategy and corporate governance at the real estate and energy company.
    • SpringOwl Asset Management and Cove Street Capital say FOR "lacks clear and focused strategic direction, which is evident from its long-term stock price underperformance" - shares fell 28% in 2014, including 13% in Q4 amid falling oil prices.
    • The move comes in the wake of news last month that FOR would conduct a strategic review of its oil and gas business.
    • The two activist groups, along with some affiliated parties, collectively own ~7% of FOR shares.
    | Comment!
  • Nov. 5, 2014, 6:03 AM
    • Forestar Group (NYSE:FOR): Q3 EPS of $0.12 beats by $0.02.
    • Revenue of $58.84M (-21.7% Y/Y) misses by $7.56M.
    • Press Release
    | Comment!
  • Aug. 6, 2014, 8:20 AM
    • Forestar Group (NYSE:FOR): Q2 EPS of $0.34 may not be comparable to consensus of $0.10.
    • Revenue of $83.01M (+38.2% Y/Y) beats by $17.27M.
    • Press Release
    | Comment!
  • May. 6, 2014, 7:35 PM
    • Forestar Group (FOR): Q1 EPS of $0.19 beats by $0.06.
    • Revenue of $84.6M (-13% Y/Y) beats by $14.45M.
    • Press Release
    | Comment!
  • Dec. 11, 2013, 3:51 PM
    • The 20% dip in Forestar (FOR +1.7%) shares since mid-October looks like a buying opportunity, Barron's writes, as FOR sells lots and realizes income from its oil and gas properties over the next year.
    • FOR, which owns 132K acres of real estate in 10 states including in attractive markets in Texas, is on track to sell ~1,900 residential lots this year, more than double last year's 926 lots, and production in its burgeoning oil and gas unit is up 170% Y/Y.
    • Proceeds from a recent equity offering, which raised $145M, while dilutive, will further develop FOR's real estate and energy properties in 2014, which could lead to a higher NAV over time.
    | 1 Comment
  • Nov. 6, 2013, 8:50 AM
    • Forestar Group (FOR): Q3 EPS of $0.16 beats by $0.03.
    • Revenue of $75.1M beats by $14.98M. (PR)
    | Comment!
  • Aug. 7, 2013, 9:16 AM
    • Forestar Group (FOR): Q2 EPS of $0.02 misses by $0.02.
    • Revenue of $60.1M beats by $12.6M. (PR)
    | Comment!
  • May. 8, 2013, 3:16 PM
    The bull story on the homebuilders (XHB) still has years to play out, says Steve Eisman, speaking at Ira Sohn under the topic, "Housing: U.S. vs. Canada." He's especially bullish on the land-rich homebuilders - LEN, PHM, SPF - as there's not enough inventory to support demand and land prices will be heading higher, but the purest land play might be Forestar Group (FOR +5.5%), worth $30/share in his opinion.
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  • May. 8, 2013, 8:42 AM
    Forestar Group (FOR): Q1 EPS of $0.11. Revenue of $97.5M. (PR)
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  • Mar. 4, 2013, 2:24 PM
    Forestar Group's (FOR +11.5%) shares trade at a 40% discount to net asset value, a discount that isn't likely to persist, Barron's said in a weekend article. With the housing market improving, FOR is accelerating its sales of residential lots and investing the proceeds in higher-returning ventures, including its oil and gas business and real estate development properties.
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  • Nov. 7, 2012, 9:14 AM
    Forestar Group (FOR): Q3 EPS of $0.12 misses by $0.03. Revenue of $40.6M (+55% Y/Y) misses by $51M. (PR)
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  • Jun. 4, 2012, 9:06 AM
    Forestar (FOR) agrees to acquire Credo Petroleum (CRED) for $14.50/share, or ~$146M. The deal would provide FOR with "meaningful" ownership and operations in several strategic oil and gas formations including the Bakken and Three Forks. CRED +22.8% premarket.
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  • Feb. 22, 2012, 10:11 AM
    Forestar Group (FOR -1.1%) files a registration statement with the SEC to sell a mix of $250M worth of securities.
    | Comment!
  • Feb. 12, 2009, 10:23 AM
    Forestar (FOR) -8.5%. Suitor Holland Ware discloses he's no longer interested in buying the company, and is no longer a 5% stakeholder. FOR owns commercial and natural-resources real estate.
    | Comment!
  • Jan. 22, 2009, 4:42 PM
    Forestar Group (FOR) gets an unsolicited $15/share offer from Holland M. Ware. Will consider. Shares +30% to $12.02 AH.
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Company Description
Forestar Group, Inc., is a real estate and oil and gas company. It has three business segments: Real estate, Oil and gas, and other natural resources.
Sector: Financial
Country: United States