DALLAS, Oct. 9, 2009 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring Standard Pacific Corp. (NYSE:SPF - News). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The investment report on Standard Pacific Corp. (NYSE:SPF - News) should be of particular interest to other construction service companies: DR Horton Inc. (NYSE:DHI - News), Lennar Corp. (NYSE:LEN - News) and Pulte Homes Inc. (NYSE:PHM - News).
It is available at: http://www.beaconequity.com/i/SPF
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Standard Pacific Corp. (SPF) is a geographically diversified builder of single-family homes. The Company constructs homes within a range of prices and sizes targeting a range of homebuyers. In addition to Standard Pacific's core homebuilding operations, the Company also provides mortgage financing and title services to its homebuyers through its subsidiaries and joint ventures, which include Standard Pacific Mortgage, SPH Home Mortgage, Universal Land Title of South Florida and SPH, Title Inc.
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In the report, the analyst notes:
"SPF's operations continue to be impacted by weak housing demand in substantially all the Company's major housing markets across the country driven by a housing supply/demand imbalance, record foreclosures, declining home prices, low consumer confidence and rising unemployment. Despite these factors, the Company said its net loss for the three and six months ended June 30, 2009, decreased considerably from the year earlier comparable periods. In addition, the Company has been successful in generating positive cash flows from operating activities during the three and six month periods ended June 30, 2009."
To read the entire report visit: http://www.beaconequity.com/i/SPF
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DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the "SEC") or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. Beacon Equity Research nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.
Beacon Equity Research
Jeff Bishop
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