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Meritage Homes Corporation Message Board

  • johngunn51 johngunn51 Apr 8, 2009 1:11 AM Flag

    Bankruptcy best option

    for management and outside investors. That way they can step outside a disastrous outcome and buy the assets for 10% of the carrying costs and start over in a couple years debt free and with a realistic cost basis. The stock will be worthless, but that is going to happen over time anyway, might as well get out front of it now, there has certainly been adequate warning, from S&P, analysts, banks, and other corporate homebuilders.

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