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Meritage Homes Corporation Message Board

  • hb_shorty2008 hb_shorty2008 Apr 18, 2008 2:36 PM Flag

    Why Issue Shares Now? Is this A Better Sell Sign Than Insider Selling?

    I believe this is the perfect time to short this stock. Why?

    The company practically has gotten on the roof and shouted, "Our stock is overvalued and has peaked."

    Why do I say this? Well let's see if you were a company issuing more stock, when would you do it? When you think its price is maxed out, right? If you thought it was undervalued and would go up wouldn't you wait?

    Why did they do it after issuing Q1 sales results but before the total financials, which will be released in just a week or two? If they were good results, wouldn't you wait until AFTER they were released to maximize your stock price issuance? What difference would two weeks make unless the results are abysmal?

    And why did this happen so quickly? It took what 2 days between announcement to issuance? I don't remember any other companies announcing and issuing shares this quickly. Even guys like ABK and MBI took a few weeks.

    Something smells fishy. Back up the short truck.

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41.95-0.11(-0.26%)Aug 21 4:04 PMEDT

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