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Meritage Homes Corporation Message Board

  • drugsman12 drugsman12 Apr 29, 2009 12:47 PM Flag

    orders were still small fraction of year ago

    Is this running because it beat the loss estimate. 900 new home orders for Q1 is still much less than 1600 this time last year when stock was lower. Can this stock go any higher? Or just the usual squeeze this stock pulls from time to time? New orders probably still need to double before this company can break even, right?

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    • This company isn't making a profit any time soon. Period. Balance sheet is awful. That being said, I wouldn't short it more than I would buy it. It WILL crash but how high before it does??? Considering buying Dec puts tomorrow.

    • This is a squeeze. This started yesterday, I believe most of it is done with 18% of the float.

      Once this is done, you will this drops below $20 in no time. I see trading in the teens by summer.

      There may be one more spurt of covering but it is pretty close.

 
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