Use access key #2 to skip to page content.
$14.00 0.10 (0.72%)
10/10/2008 4:01 PM

Meritage Homes Corp (MTH)

CAPS Rating:
*

The Company is a designer & builder of single-family attached & detached homes in southern & western US. It offers a variety of homes that are designed to appeal to a range of homebuyers, including first-time, move-up, luxury & active adult buyers.

View All Commentary (MTH)

Recs

0

Avatar pytheian (54.65) Submitted: 5/08/08 4:01 PM : Underperform Start Price: $20.73 MTH Score: 23.46

CFO: "our first quarter 2008 home closing revenue declined 35% year-over-year, on 26% fewer homes closed and a 13% reduction in average closing price".

Has a long road ahead of it of just staying solvent and managing the balance sheet. Selling a product whose market supply is overwhelming; little scope for appreciation of inventory. Improving the situation (paying down debt) doesn't mean you're in a good one. Best management can't make a bad business (for the forseeable future) a good investment. Won't call a bottom but pretty sure we're not close to it yet.

Keep selling.

Report this Post Replies: 1 | Reply

Avatar breaktrack (93.77) Submitted: 5/10/08 5:22 PM

Recs: 0 | Rec This

THE BOTTOM CAME A FEW MONTHS AGO WHEN IT WAS AROUND SEVEN. THIS IS A GOOD STOCK TO HOLD SINCE THE HOUSING DEMAND WILL COME BACK....GUARANTEED!! THE TALKING HEADS IN THE MAINSTREAM MEDIA MAKE IT SEEM LIKE A NEW HOUSE WILL NEVER AGAIN BE BUILT IN THIS COUNTRY. COME ON! LONG MTH AND LOADED UP AROUND 7 TO 10.

Report this Post Reply

Featured Broker Partners