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Forestar Group Inc. (FOR)

  • Thu, Mar. 5, 7:48 AM
    • Forestar Group (NYSE:FOR): Q4 EPS of $0.32 beats by $0.35.
    • Revenue of $80.4M (-18.3% Y/Y) beats by $13.02M.
    • Press Release
    | Comment!
  • 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.
    | Comment!
  • May. 8, 2013, 8:42 AM
    Forestar Group (FOR): Q1 EPS of $0.11. Revenue of $97.5M. (PR)
    | Comment!
  • 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.
    | Comment!
  • 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)
    | Comment!
  • 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.
    | Comment!
  • 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.
    | Comment!
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Company Description
Forestar Group Inc is a real estate and oil and gas company. The Company owns 113,000 acres of real estate including about 102,000 acres with timber. It also has 960,000 net acres of oil and gas mineral interests in the continental U.S.
Sector: Financial
Country: United States