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BZH Filings on 7/9/12 regarding Proposed Public Offerings of Common Stock and Tangible Equity Units
8K
http://www.sec.gov/Archives/edgar/data/915840/000119312512297763/d379272d8k.htm
Prelim's
http://www.sec.gov/Archives/edgar/data/915840/000119312512297618/d375754d424b5.htm
http://www.sec.gov/Archives/edgar/data/915840/000119312512297623/d375756d424b5.htm
Monday: wUPDATE 1-Beazer estimates higher orders for 3rd qtr
Mon Jul 9, 2012 6:41pm EDT
* Says Q3 rev $250 mln to $260 mln vs est $263.1 mln
* Q3 housing orders up 28 pct
* To raise $150 million from offerings
July 9 (Reuters) - Homebuilder Beazer Homes USA Inc estimated higher orders for the third quarter and said it plans to raise $150 million in share offering.
It plans to offer $75 million of its common stock and 3 million tangible equity units.
The company plans to use the proceeds from the offerings to fund expansion of its home community count and repay debt.
Beazer, which competes with Ryland Group Inc and Lennar Corp, also estimated a 28 percent rise in home orders to 1,555 units for the quarter ended June.
Backlog jumped by 33 percent.
Beazer estimated third-quarter revenue of $250 million to $260 million, below analysts' expectations of $263.1 million, according to Thomson Reuters I/B/E/S.
Shares of Atlanta, Georgia-based Beazer closed at $3.38 on the New York Stock Exchange.
Beazer Homes USA, Inc. Announces Proposed Public Offerings of Common Stock and Tangible Equity Units
Today : Tuesday 10 July 2012
Beazer Homes USA, Inc. (NYSE: BZH) announced today that it has commenced concurrent underwritten public offerings of common stock and tangible equity units.
The Company is offering $75 million of its common stock and 3,000,000 (equal to $75 million) of its tangible equity units in the concurrent offerings. The units are comprised of a prepaid stock purchase contract and an unsecured senior amortizing note due 2015. In addition, the Company intends to grant the underwriters a 30-day option to purchase up to an additional 15% of the tangible equity units sold to cover over-allotments and a 30-day option to purchase up to an additional 15% of the shares of common stock. Neither offering is contingent upon completion of the other offering. The Company's common stock is listed on the New York Stock Exchange under the symbol “BZH,” and the Company intends to apply to list the tangible equity units on the New York Stock Exchange under the symbol “BZT.”
The Company intends to use the net proceeds from these concurrent offerings for growth capital, including for approximately $100 million of potential land investments in Florida, California, Texas, North Carolina and Arizona, and for general corporate purposes, including the repayment of outstanding indebtedness.
Credit Suisse Securities (USA) LLC, Goldman, Sachs & Co., Deutsche Bank Securities Inc. and UBS Securities LLC are serving as the joint book-running managers for the offerings and KKR Capital Markets LLC and Moelis & Company LLC are serving as co-managers for the offerings.
The shares of common stock and the tangible equity units, including the underlying stock purchase contracts and senior amortizing notes, will all be issued pursuant to an effective shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission (SEC). Preliminary prospectus supplements related to the offerings have been filed with the SEC and are available free of charge on the SEC's website at http://www.sec.gov. Copies of the preliminary prospectus supplements and the accompanying base prospectus related to the common stock and tangible equity units offerings may be obtained from (i) Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, New York, 10010, or by telephone at +1 (800) 221-1037, or by email at newyork.prospectus@credit-suisse.com; (ii) Goldman, Sachs & Co., via telephone: (866) 471-2526, email: prospectus-ny@ny.email.gs.com, or standard mail at Goldman, Sachs & Co., 200 West Street, New York, NY 10282, Attn: Prospectus Department; (iii) Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY 10005-2836 or by telephone at: (800) 503-4611, or by email at: prospectus.CPDG@db.com; or (iv) UBS Securities LLC, 299 Park Avenue, New York, NY 10171, Attention: Prospectus Department, or by calling (888) 827-7275. Investors should read these documents for more complete information prior to investing.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.
About Beazer Homes USA, Inc.
Beazer Homes USA Inc., headquartered in Atlanta, Georgia, is one of the ten largest single-family homebuilders in the United States.The Company’s industry-leading high performance homes are designed to lower the total cost of home ownership while reducing energy and water consumption. With award-winning floor-plans, the Company offers homes that incorporate exceptional value and quality to consumers in 16 states, including Arizona, California, Delaware, Florida, Georgia, Indiana, Maryland, Nevada, New Jersey, New York, North Carolina, Pennsylvania, South Carolina, Tennessee, Texas, and Virginia.Beazer Homes is listed on the New York Stock Exchange and trades under the ticker symbol “BZH.”
Just when I was about to reach my break even point they come out with a stock sale and down we go again.
I like it. If BZH's quarterly report is anything like HOV's, we should see a nice increase.
BZH
7-5-12
current pps : $3.44
Finviz, StockTA, Stoxline, yahoo
SEC, nasdaq, Earnings.com
Bigcharts, Insider, ShortSqueeze
Ahhhh. LOL
I have done that before!
Good luck!
Yes. That post was for the NCT board. Sorry.
BZH does not currently pay a regular dividend.
the stock market seems to forget good news real fast in the housing market.
WASHINGTON (MarketWatch) -- Pending home sales climbed 5.9% in May to match a
two-year high, a trade group said Wednesday. The National Association of Realtors
said its pending-home-sales index rose to 101.1 in May from 95.5 in April. The
index is 13.3% above May 2011 levels. May marked the highest level since the
scheduled expiration of the home buyer tax credit in April 2010. A sale is listed
as pending when the contract has been signed but the transaction has not closed.
An index of 100 is equal to the average level of contract activity during 2001.
I like what I see. Maybe the upswing has finally started.
I'm thinking 6 by next summer.
I'm thinking more like 4 by the end of the third quarter.
I like it going up but it has to hit 3.46 before I realize any upside. I doubled down at 2.83 but we haven't reached there yet either. Construction is picking up, It's just not as fast as we would like.
Yes and that's exactly why I'm here!
On a search: They don't show a reverse -
They did do a forward clear back in Mar 23, 2005
3 : 1 when the stock was 155.29
http://getsplithistory.com/BZH
Chart would have been adjusted back then (2005) so...
the high on the chart I posted was an accurate display of what BZH has dropped from. Which was all I wanted to double check.
They have taken quite the beating, eh?
I understand that. LOL
I was just curious if you knew off hand if they had done a reverse?
I was trying to be lazy and not hunt for it myself. Guess I will hunt. :)
Thanks.
Ummm...it's on one of the charts you posted.
They didn't reverse split in the past, did they?
Chart adjustment? Or is that PPS fact? Do you know off hand?
70 bucks in 2006. That would be an awesome bowl to fill from here.
BZH
6-8-12
2.53
http://finviz.com/quote.ashx?t=bzh&ty=c&ta=0&p=m
Picked up some more Monday right at the close @2.29. Glad I did!
Yup, they're tied to the overall market. I'm holding NCT though because bought it at 5 and it pays a 20 cent dividend.
Employment may be down but building is up. I guess builder stocks follow the rest of the market no matter how well they're doing.
WASHINGTON (MarketWatch) -- Sales of existing homes rose 3.4% in April and
distressed activity tapered off as the slow housing market recovery takes further
root. The National Association of Realtors said Tuesday that sales rose to a
seasonally adjusted annualized rate of 4.62 million, from a downwardly revised
4.47 million in March. The NAR initially reported March sales at 4.48 million,
and economists polled by MarketWatch had expected an April rate of 4.6 million.
Compared to April 2011, sales rose 10%, the tenth straight month of year-on-year
gains. Median prices shot up 10.1% to $177,400 on a year-on-year basis, the
biggest percentage rise since January 2006. NAR Chief Economist Lawrence Yun said
due to declining distressed activity, the mix of homes is weighted more toward
larger, more expensive houses. Most other price gauges have pointed more to
stabilization than such large improvements, and Yun anticipates prices will climb
1% to 3% for the year. Inventories rose 9.5% to 2.54 million, representing 6.6
months of supply.
BZH Daily Chart......Bullish Piercing Line Reversal Pattern formed......
Looking for Buy Signal confirmation & a nice Bounce on Mon......
Keep an EYE on it.......rumor has it the housing market has bottomed.....lower interest rates coming.....
Time to take a look @ some beaten up housing stocks......summer home buying season is upon us........$$$
Tough call down here in the canal water. That's why I put stops in.
Going this direction stinks. Based on the good housing report, I had bought another k at 2.83 and now look where it is. I don't know weather to buy more at these prices, or just wait for it to down some more.
Stopped out @2.52. Picked up again @2.38 with a stop @2.30.
selling off with the market.
Finally getting a decent rebound. picked up more shares @2.60.
Obviously somebody wants a ton of shares under 2.70. 5.5 million volume in first 3 hours today. Over the last week, every time it breaks 2.74, the MM's drop it back under 2.70 and the volume keeps pumping in.
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FROM SEA TO SHINNING SEA
EXECUTIVES and DIRECTORS
Name Age Since Current Position
Allan P. Merrill President, Chief Executive Officer, Director
Robert L. Salomon Chief Financial Officer, Executive Vice President, Chief Accounting Officer
Kenneth F. Khoury Chief Administrative Officer, Executive Vice President, General Counsel
Nick Peacock Vice President - Lender Relations
Brian Cyril Beazer Non-Executive Independent Chairman of Board
Laurent Alpert Lead Independent Director
Elizabeth S. Acton Director
Peter G. Leemputte Independent Director
Norma A. Provencio Independent Director
Beazer Homes USA, Inc., designs homes at various price points to appeal to homebuyers across various demographic segments. The Company's product offering is broken down into three product categories: Economy, Value and Style. Economy class homes are targeted primarily at entry-level buyers, are generally 1,500 square feet or less in size and are intended to meet the needs of those buyers for whom price is the most important factor in the buying decision. Value category homes are targeted at entry-level and move-up buyers, generally range from 1,500 to 2,500 square feet in size and are intended to appeal to buyers who are more interested in style and features, but are still somewhat price-focused. Style class homes are targeted at more affluent move-up buyers, are generally greater than 2,500 square feet in size and are intended to appeal to buyers in the more luxurious segment of the market, who place greater emphasis on style and features
BZH Home Page
Beazer Homes Code of Conduct
1000 Abernathy Road, Suite 1200
Atlanta, GA 30328
Phone: (770) 829-3700
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