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Meritage Homes Corporation Message Board

  • h_grant_h h_grant_h Nov 26, 2008 2:09 PM Flag

    Does MTH have enough cash for next Q?

    A quick glance at the balancesheet tells me they reported over $144 mln loss last Q.

    Cash on hand was $119 mln. Debt was almost $630 mln.

    Home prices fell 5.3% in Oct. And it is expected to continue to fall into 2009.

    So, how long will the cash last?

 
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