Standard Pac Corp New (NYSE:SPF)

CAPS Rating: 2 out of 5

The Company is a geographically diversified builder of single-family attached and detached homes and constructs homes within a range of price and size targeting a range of homebuyers.

Recs

11
Player Avatar DarthMaul09 (29.71) Submitted: 1/12/2010 1:52:37 AM : Underperform Start Price: $3.96 SPF Score: +6.82

Standard Pacific Corp. (Standard Pacific) is a geographically diversified builder of single-family homes. The Company constructs homes within a range of prices and sizes targeting a range of homebuyers. Standard Pacific operates in two principal businesses: homebuilding and financial services. It has operations in metropolitan areas in California, Texas, Arizona, Colorado, Florida, the Carolinas and Nevada. In addition to Standard Pacific’s core homebuilding operations, the Company also provides mortgage financing and title services to its homebuyers through its subsidiaries and joint ventures, which include Standard Pacific Mortgage, SPH Home Mortgage, Universal Land Title of South Florida and SPH, Title Inc.

This company is trying to make a profit in many states which have been hardest hit in the financial downturn and which are not likely to recover soon. So I'll take this recent price rise to begin my short position.

Member Avatar GOFORAWILDRIDE (< 20) Submitted: 2/9/2010 3:46:57 PM
Recs: 0

You are bound and determined to get you rating under 20 with all them RED THUMBS.

Did you not look and see we are in the front wave of a BULL MARKET and all the BEARS have gone into hibernation.

You should cut off that RED THUMB you keep putting out there and start growing a garden with a GREEN THUMB as I have.

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