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Beazer Homes USA Inc. Message Board

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  • csco_brat csco_brat Jan 5, 2008 5:14 PM Flag

    This is why you own Beazer

    You changed the subject. I told you how Beazre has value. Can you disput this argument without changing subject?

    Point is a stock with a book of $30's that is losing only small amounts from operations during a downturn has considerable value still. Shorts usualy retort is that the book value isn't really $30, cuz land price has dropped so much.

    Well shorts can't have it both ways. They can't say book value is really only a fraction of stated without also decreasing cost of sales by same amount which would then generate huge accounting profits for Beazer.

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    • "Point is a stock with a book of $30's that is losing only small amounts from operations during a downturn has considerable value still. Shorts usualy retort is that the book value isn't really $30, cuz land price has dropped so much."

      How about this one...you can wipe your you know what with the "book value". Take your "book value" to the store to pay for your milk and bread and see how much they give you for it.

      Tell me how you pay off $1.9 billion in bonds AND interest on those bonds by losing money?

 
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