Let me see. You say the CEO is pumping, yet you are here doing the opposite. Goodness gracious, whom to believe? Should I believe the guy who buys his own stock, or should I believe the guy who goes on message boards in a noble attempt to steer me clear of a dangerous invesments? Evil capatalistic pig buisness builder, or well intended saviour of errant traders? Rotten employer of thousands or helpful soul with an internet connection? Short people. My second favorite Randy Newman song. The answer is in the song. Now I know why he wrote it. Why are so many people moving to Texas? Who knew that that might happen? Was it you who Knew? I honestly thought I could get back in under 10 bucks. Ain't gonna happen.
We'll see if the AH pop translates to a rise tomorrow. They are back to including non-recurring losses in their income statement, after a hiatus in Q1 '08. From AP:
"Meritage recorded real estate related and joint venture charges of $39 million in the quarter, more than half of it California, which Meritage called its toughest market. The charges were down from $80 million (???) in the year-ago quarter."
Very screwy. I am missing the charges from Q2 2007 on Yahoo's web site. That's why I inserted ??? above.
In any case, let's see what the Change In Cash and Cash Equivalents (on the cash flow statement) is for Q2 2008. Tell me these guys can survive for another year. Sheesh.