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alstry (35.35)

When Homebuilders CAN'T Sell Homes....

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November 08, 2010 – Comments (0)

SELL BONDS!!!!!.....Beazer's Home Sale's are tanking with very little backlog....

NEW YORK (MarketWatch) -- Beazer Homes USA Inc. said Monday it will sell $200 million in bonds. The homebuilder said in a statement that proceeds from the sale will help it replenish cash that has been used to fund the prior redemption or repurchase of its outstanding senior notes.

http://www.marketwatch.com/story/beazer-homes-ventas-icici-selling-bonds-2010-11-08

DOES THIS LOOK LIKE A PONZI SCHEME TO ANYONE?????.....AND IT LOOKS LIKE OUR RETIREMENT ACCOUNTS ARE THE PATSIES......

 

 

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