From The Charlotte Observer:The Atlanta homebuilder blamed its former chief accounting officer, saying he may have "caused" the wrong numbers to be reported.
...
Beazer shares closed at $15.19 in trading Friday on the New York Stock Exchange, down 9.37 percent on the day and 68 percent this year.
The shares hit a five-year low of $8.10 on Aug. 1 amid rumors the company might file for bankruptcy. Beazer has denounced such speculation as "scurrilous and unfounded."
Even The Street dot com had something negative to say:
Shares of Beazer lost 4.5% after hours to $14.50, after closing the regular session down 9.4%.
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Any questions? It was all an innocent mistake. And a former employer at that. Nothing to see, move along.
16 comments:
Cute doggie pic, oh and First.
Te hee
Murst!
They should throw a net over everyone above dawg catcher and throw them into a Halliburton detention camp. The world would be much better off.
Anybody else notice that consumer spending propped up by home equity loans has been keeping the Ownership Society going?
Consumer spending with credit cards.
&
Institutions are selling anything and every thing related to credit and Housing.
WaMu and CFC next to go? Yes, according to a little rocc birdie.
GENTLEMEN,
In the process of creating my new blog in honor of the venerable M. SINGH, I was reminded of the whimsical April 2007 EN posts such as this.
I remain
S. gigantea
The cruelest months are generally the best months in my experience.
From what I've read it seems that the former CAO might have been trying to do some income smoothing. Why else would there have been excess reserves and overstated liabilities.
Anyone else read this article:
http://www.thestreet.com/pf/funds/booyahbreakdown/10373794.html
(by an award-winning writer no less:)
And wonder if the-steet is still in damage control over the Cramer meltdown earlier in the week.
Hey Guyz,
Let's focus on the important stuff like Cage-Free Eggs...
The toy industry had its Tickle Me Elmo, the automakers the Prius and technology its iPhone. Now, the food world has its latest have-to-have-it product: the cage-free egg.
Ho Ho Ho - It's Santa Flipper Clause
Many people have asked Santa for a new mortgage for Christmas.
Oh yeah, and some debt foregiveness.
Santa F. Clause
Hillary's fiscal policy is a disappointment.
Talking about Hillary, here is current picture of her looking very presidential:
http://www.freakingnews.com/Hillary-Clinton-Pics-24097.asp
Ok, I just puke a bit in my mouth.
So, does anyone know what's CAsey Serin up to ??? No site seems to have fresh news...
Sequoia
http://wwww.sequoiatradingclub.com
"Beazer Homes is offering 6% commissions on sales at all of our participating Southern California communities! Get your clients into a gorgeous Beazer home between August 11 and 12 and earn the easiest 6% around."
@serinjustice 9:05 PM
Whoa! And that hand! Those joints look 'funny.' Any rheumatologists out there care to comment?
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