|Bid||1.98 x 7900|
|Ask||1.99 x 3900|
|Day's Range||1.96 - 2.03|
|52 Week Range||1.66 - 3.41|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Mar.09 -- Bennett Goodman, head of Blackstone Group LP's GSO Capital Partners unit, discusses the high-yield bond market, creating a new portfolio-risk analytics business, and backing efforts to change the rules that enabled a controversial credit-default swap trade involving Hovnanian Enterprises. He speaks with Bloomberg's Erik Schatzker in New York.
Mar.09 -- Bennett Goodman, head of Blackstone Group LP's GSO Capital Partners unit, discusses his firm's controversial credit-default swap trade involving Hovnanian Enterprises Inc. and says he'd back an effort to change the rules that enabled it. He speaks with Bloomberg's Erik Schatzker in New York.
Real estate icon and ‘Shark Tank’ star Barbara Corcoran tells Yahoo Finance’s Seana Smith, Rick Newman and Dion Rabouin how the new tax law will impact the housing sector.
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Credit default swap investors roiled by engineered defaults in the derivatives markets won’t get a fix just yet.
Hovnanian Enterprises Inc (NYSE:HOV), a consumer durables company based in United States, saw significant share price volatility over the past couple of months on the NYSE, rising to the highsRead More...
The golden era of GSO Capital Partners' elegant credit-default swap playbook may be drawing to a close. Market participants are edging towards action as GSO, the credit hedge fund within Blackstone Group (BX) defends itself against claims by fellow hedge fund Solus Alternative Asset Management that its manufactured CDS "trigger" was a “fraudulent and manipulative scheme.” GSO says the case is without merit. Quick background, as quick as possible with this gnarly story: CDS pay out if/when there is a "credit event" as ruled by the International Swaps and Derivatives Association, the industry group that governs the market.
Bennett Goodman, head of Blackstone Group LP's GSO Capital Partners unit, discusses his firm's controversial credit-default swap trade involving Hovnanian Enterprises Inc. and says he'd back an effort ...
Shares of Hovnanian Enterprises Inc. tumbled 3.9% in early trade Thursday, after the homebuilder reported a wider first-quarter loss and a sharp decline in revenue. The net loss for the quarter to Jan. ...
On a per-share basis, the Red Bank, New Jersey-based company said it had a loss of 21 cents. The homebuilder posted revenue of $417.2 million in the period. The company's shares closed at $2.28. A year ...
Hovnanian Enterprises Inc’s (NYSE:HOV): Hovnanian Enterprises, Inc. designs, constructs, markets, and sells residential homes in the United States. On 31 October 2017, the US$351.94M market-cap posted a loss of -US$332.19MRead More...
This weekend's Barron's cover story offers a look at the prospects for a troubled industrial giant. Other featured articles offer four stock picks for an aging bull market and the prospects for real estate ...
Stocks that moved substantially or traded heavily Friday: Kraft Heinz Co., down $1.91 to $70.80 The food conglomerate had a weak quarter as cheese sales declined. Deere & Co., up $2.63 to $169.44 The farm ...
The housing market is huge and appears to be rebounding, here are a few housing names to consider looking at now and one to stay away from.
Moody's Investors Service upgraded Hovnanian Enterprises, Inc. ("Hovnanian") Corporate Family Rating to Caa1 from Caa2 as the company has made strides in reducing its near-to-midterm refinancing ...
A federal judge allowed indebted homebuilder Hovnanian Enterprises Inc. to complete a disputed financing deal with Blackstone Group’s lending platform that has riveted credit derivatives market participants....
A federal judge has denied a hedge fund's request to stall a debt exchange closing tonight, saying they had provided insufficient evidence of irreparable harm to them or the market. Judge Laura Taylor Swain of the Federal District Court denied the preliminary injunction request by Solus Alternative Asset Management in its quest against hedge fund GSO Capital Partners and home builder Hovnanian Enterprises (HOV). The debt exchange will create new Hovnanian debt that at issuance will be the cheapest of its debt outstanding, which is important, because credit default swaps contracts pay out based on the "cheapest to deliver" debt.
Scoreboard The gods are warring on the Mount Olympus of credit markets. One hedge fund is suing another over what it claims is a fraudulent scheme involving a rigged bond and the bribery of a New Jersey home builder. First, the complicated background: GSO Capital, the hedge fund embedded in Blackstone Group (BX), has developed a fancy and effective playbook using credit-default swaps, or CDS, that has garnered profits and notoriety.
If you take an aggrieved hedge fund at its word, the fate of the credit-default swaps market is being determined right now. U.S. District Court Judge Laura Taylor Swain heard expedited arguments yesterday from Solus Alternative Asset Management, the aggrieved hedge fund, and from the two parties it has sued: GSO Capital Partners, the hedge fund embedded within Blackstone Group (BX), and Hovnanian Enterprises (HOV), the New Jersey-based homebuilder.