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Meritage Homes Corporation Message Board

  • alstry alstry Apr 30, 2008 1:31 PM Flag

    Did MTH just hose new investors

    MTH just completed a secondary. But nowhere in the secondary did they disclose that they are in desperate need to borrow money to buildout their backlog that is subject to cancellation in this declining sales environment.

    Is management and the board subject to liability for failing to fairly disclose the difficult financial condition the company is facing?

    Remember when current bought out the ex CEO's shares for $50 million just before the stock tanked a couple years ago?

    Lawyers, get your engines started.

 
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