Designs, sells and builds single family homes in various locations within the United States. Designs homes at various price points to appeal to homebuyers across various demographic segments.
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This stock, much like other homebuilders and subprime lenders is just waiting to collapse. I look forward to watching it fall in the next several months.On Wednesday, (3/28/2007) it was revealed that Beazer Homes USA (nyse: BZH - news - people ) was being investigated by a number of government agencies for its mortgage business. On Thursday, in filings with the Securities and Exchange Commission, Beazer said it had received a federal grand jury subpoena.Shares of Beazer were down 20 cents, or 0.7%, to $29.08, in Friday morning trading. A year ago, the stock traded above $60.