Saturday, August 11, 2007

Dawg Homework Trouble

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%.
----

Any questions? It was all an innocent mistake. And a former employer at that. Nothing to see, move along.

16 comments:

FlyingMonkeyWarrior said...

Cute doggie pic, oh and First.
Te hee

Centipede said...

Murst!

Anonymous said...

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.

Lost Cause said...

Anybody else notice that consumer spending propped up by home equity loans has been keeping the Ownership Society going?

FlyingMonkeyWarrior said...

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.

Centipede said...

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

Centipede said...

The cruelest months are generally the best months in my experience.

ha38349 said...

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.

ha38349 said...

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.

Akubi said...

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.

Santa Flipper Clause said...

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

Akubi said...

Hillary's fiscal policy is a disappointment.

serinjustice said...

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.

Sequoia Trading Club said...

So, does anyone know what's CAsey Serin up to ??? No site seems to have fresh news...

Sequoia
http://wwww.sequoiatradingclub.com

Jim the Realtor said...

"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."

Anonymous said...

@serinjustice 9:05 PM

Whoa! And that hand! Those joints look 'funny.' Any rheumatologists out there care to comment?