Meritage Homes Corporation Message Board
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Hello? Less loss due to less home sales. Whats the big gain is stock price for?
So whats the big jump for. So they are still losing money . Just a little slower then the rest of the bunch. Look at RYL they lost more and a faster rate and their stock took a big hit. No reason to buy yet the bottom has yet to come up.
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Speculation. Dumb ass bottom fishers and value hunters. Big players trying to/succeeding in forcing a short squeeze. Builders have not traded on fundamentals for a good while now.
Bottom line: again rather bad y-o-y numbers with no sign this has bottomed.
"Raised $83M cash through stock offering of 4.3M shares"
This is why they have an improved cash position -- they diluted.
And MTH pays no dividend. It's a pretty risky asset to own for 0% yield. Gravity will resume control again eventually.- 1 Reply to intel_for_brains
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"Raised $83M cash through stock offering of 4.3M shares"
That's an avg share price of $19.30. So those who bought are still significantly underwater.
Interesting how they practically brag about the dilution in their filing. Wonder who existing shareholders felt about it.
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Stock didn't open up, and only rallied when hedgies started knocking down oil and bringing up financials.
MTH is an extremely easy stock for them to manipulate because of its low volume, once they take their profits the buying will dry down and we'll go back down to 15. -
The Revenue was more than expected. They also had much more cash than before so they can hang on longer.
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Sit back and wait to buy puts when this thing hit $21 again.
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