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New 6 month high today.
1 OF 2 BUY ALERTS CONFIRMED!
As I mentioned before to watch the HGX (Philly Housing Index) with it's 50 MA crossing the 200 MA (The Golden Cross) this has been confirmed today and we should start seeing Home Building stocks to rocket from these levels.
The next buy level is confirmed when the 50 MA crosses the 200 MA on on Beazer but the 50 MA has already crossed the 150 MA using a SMA back in December and just last week using a EMA. I can't stress this more then enough but this stock will be hitting new highs soon!
So what do you take of this recent retracement we have had could this be the next launch forward tomorrow?
I think it should be positive, but then so much depends on how the overall market does as well.
So what do you think tomorrow is going to bring with the housing index coming out?
Might take a bit, but I think real estate in general is past due for a run up.
So you take it that we will actually shoot past the $4 mark as well?
Actually considering the battering of the markets, BZH rebounded well off of 2.85 and held near 3.
So today we have the 50 MA crossed the 150 MA this is usually resulted in a pull back and consolidation phase with a push towards higher highs. The confirmation is officially confirmed in my books once the 50 MA has crossed the 200 MA. With today's gap down and the unexpected news of the Euro downgrades I believe this was the result of the pull back but the markets didn't react as negatively as I expected and I continue to believe we are on focus here of the US right now and will look towards another strong trading week. I will still hold my $4.00 price target for BZH in the coming weeks.
Like I been saying this stock is headed to $3.50 to $4 range. I might change my prediction now if the PHLX 50 MA crosses the 200 MA then expect to see new 52 week highs. Just keep tuned is all I can say right now.
Have to be cautious right here with 3.08 being serious resistance.
The PHLX Housing Index 50 MA is about to cross the 200 MA! Once this is confirmed look for a breakout towards new 52 Week Highs!!!
No worries you won't be disappointed with this one trust me...
Picked up some at the open....many thanks TONY!
Why Beazer Cash Flow is great right now!
http://www.fool.com/investing/general/2012/01/06/how-fast-is-the-cash-at-beazer-homes-usa.aspx
BUY CONFIRMED!
The price trend has just crossed the 200 MA with the confirmed signal of the 50 MA crossing the 100 MA and waiting for the 50 MA crossing the 200 MA. At any point everything is looking juicy at this point and ready for the ride up to the tower!
Holy shit. Look at this puppy go!
We haven't even had a good up 100+ day on the DJIA wait till that happens and we will be laughing all the way up. Everything is pointing this stock into the right direction!
The stock is about to cross the 200 MA get ready because if this happens and is confirmed then ALL PEOPLE ON DECK SINCE WE ARE GOING TO ROCKET INTO THE SKY PEOPLE!!!
Like I said this stock is going to ROCKET!
Awesome. DOW down 100, Beazer up 6%!!
THIS STOCK IS A BUY!!!
BZH recently climbed above it's 150 MA...this does not happen but 1 perhaps 2 times per year.
there have been 3 times BZH broke above 150MA in past 3 yearas. All 3 ended up substanial gains
1. Mid 2009 - BZH moved from $1.50 to well over $6.00
2. First half 2010 - BZH moved from $4.50 to $7.00
3. 2nd half 2010 - BZH moved from $4.50 to $6.20
4. Nov/Dec 2011 - crossed around $2.50 - give this time it should easily double from here, perhaps repeat 2009 if house market rebounds
*** there have been zero crossing above 150 MA that did not end in a very substantial gain ***
get ready, people lie, charts price/volume do not!
BZH chart is very bullish.
Citi still has a "buy" rating on this..
10:54 (Dow Jones) Citi cuts Toll Brothers (TOL) to neutral from buy, simply
citing valuation. TOL shares are up nearly 20% in the last five weeks, well
above the home-builder index's 8%, and trading at the upper end of its
valuation range of the past few years. The firm keeps buy ratings on Beazer
(BZH) and MDC. TOL down 2.5% at $20.06. BZH off 3% at $2.31; MDC down 0.5% to
$17.45. (dawn.wotapka@dowjones.com)
PMorgan says Beazer (BZH) and KB Home (KBH) are
likely outperformers if another rally develops, as well as "high-quality"
Lennar (LEN). BZH climbs 6.5%, but it's still down 58% this year; other
homebuilder stocks are just slightly higher on the day.
10:18 (Dow Jones) Shares of home builders jump, helped by Raymond James
upgrading DR Horton (DHI), Lennar (LEN) and Toll (TOL) to outperform from
market perform, as the firm bets on a "Hope Trade" ahead of the 2012 selling
season. "Even though December and January are among the seasonally slowest
months for new home sales--this window of time has proven to be a great time to
own homebuilding equities in recent years," the firm writes, adding that the
Hope Trade has worked seven years in a row. Shares of DHI and LEN up more than
5%, TOL adds 4.8%, amid a strong broader market rally.
(dawn.wotapka@dowjones.com)
Loaded up at he close yesterday. Glad I did!
Plus they are on the winning side of the lawsuit.
I figure if Beazer hasn't gone under by now, they won't.
Unless deflation takes over the markets, IMO, it's time for real estate to wake up. I'm in BZH at 1.66.
Extremely undervalued the 50 is 2.21 and the 200 3.96.......If we hold the 1.70 range we will move way higher at least to the 50 moving average.
GLTA
Extremely bullish sign holding high of day at 1.86 right now. Great sign!
That's what I am hoping for and the chart is screaming for a bounce back.
As Buffett would say, buy 'em when nobody wants 'em.
How put buyer is playing Beazer Homes
| 11:32 AM |
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May 2011 U. S. Economic and Housing Market Outlook
Better, But Still Not Good Enough
MCLEAN, Va., May 11, 2011 /PRNewswire via COMTEX/ -- Freddie Mac (FMCC) released
today its U.S. Economic and Housing Market Outlook for May showing a pick-up in
economic growth in the second half of 2011 but with unemployment lingering above
8 percent through year-end. A large number of workers unemployed for a long
period remains the predominant force behind seriously delinquent rates on
mortgages.
Outlook Highlights
Over 250,000 new jobs needed monthly, on a sustained basis, to reabsorb all the
jobs lost since the recession.
Unemployment rate moves up to 9 percent; average unemployment duration was 38.3
weeks in April, down slightly from the record of 39 weeks in March.
The rate of seriously delinquent mortgages (8.6 percent average) will likely
trend lower during 2011, but continue to remain at extraordinarily high levels
for an extended period.
During the first quarter of 2011, home prices decreased by 2.8 percent
nationwide.
Positive signs: homebuyer affordability remains extraordinarily high, mortgage
rates low, house prices are well off their cyclic peak and contract signings for
existing home sales are up.
Projecting a 5 percent increase in 2011 home sales over 2010, on a calendar year
basis.
Click here to view the complete May 2011 U.S. Economic and Housing Market
Outlook. Freddie Mac compiles data on major economic and housing and mortgage
market indicators and offers forecasts based on those indicators.
Quotes
Attributed to Frank Nothaft, Freddie Mac, vice president and chief economist.
"While the labor market is moving in the right direction, it still has a long way
to go before the unemployment rate moves sharply lower. And ditto for seriously
delinquent rates on mortgages."
Get the latest information from Freddie Mac's Office of the Chief Economist on
Twitter: @FreddieMac
Freddie Mac was established by Congress in 1970 to provide liquidity, stability
and affordability to the nation's residential mortgage markets. Freddie Mac
supports communities across the nation by providing mortgage capital to lenders.
Over the years, Freddie Mac has made home possible for one in six homebuyers and
more than five million renters.
SOURCE Freddie Mac
Copyright (C) 2011 PR Newswire. All rights reserved
10:11:14 Housing Starts Help Lift Builder Stocks
10:11 (Dow Jones) A rebound in housing starts in March helps lift every
major home-builder stock into positive territory, showing it doesn't take much
to give worn-down builders a boost. Report's brightest part -- a big jump in
building permits, 11.2% vs expected 3% increase. Still, a sober assessment from
Credit Suisse: "Single-family permits are still hovering near cycle lows and on
par with the depressed levels that have prevailed since the end of the tax
credit last May." Also remember that builders' confidence fell again in latest
reading, and no one's declaring the spring selling season a success. PulteGroup
(PHM) up 3.8%; Ryland (RYL) rises 3.1%; Lennar up 2.5%.
(dawn.wotapka@dowjones.com)
Click here to go to Dow Jones NewsPlus, a web front page of today's most
important business and market news, analysis and commentary:
http://www.djnewsplus.com/nae/al?rnd=OMsKt2szcPJtFHhz05ePKQ%3D%3D. You can use
this link on the day this article is published and the following day.
(END) Dow Jones Newswires
04-19-11 1011ET
Copyright (c) 2011 Dow Jones & Company, Inc.
10:11 041911
11:45:00 Fitch: U.S. Housing Recovery May Start To Pick Up by 3Q'11
Fitch: U.S. Housing Recovery May Start To Pick Up by 3Q'11
NEW YORK, Apr 15, 2011 (BUSINESS WIRE) -- Link to Fitch Ratings' Report: U.S.
Homebuilding/Construction: The Chalk Line -- Quarterly Update: Spring 2011
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=612825
(http://www.fitchratings.com/creditdesk/reports/report%5fframe.cfm?rpt%5fid=612825)
Recent U.S. housing statistics have been weak and disappointing thus far as
expected, but the sector may be in for a spot of good news in the coming months,
according to Fitch Ratings in the latest edition of the 'Chalk Line'.
Most public builders will be unprofitable in the first quarter (excluding
non-cash real estate charges) with revenues trailing a year ago. That being said,
there has been a notable uptick in traffic from much of the first quarter. New
home orders have seen some slight seasonal pickup across most regional markets.
What may also work in the sector's favor is the easing of builder order
comparisons, which are challenging during the first four to five months of the
calendar year before beginning to subside. 'If the economy continues its advance
and a moderate number of jobs are added, housing metrics should, for the most
part, rise at a single-digit pace this year,' said Fitch Managing Director and
lead homebuilding analyst Bob Curran.
Nonetheless, the future state of U.S. housing remains highly dependent on the
health of the broader economy. So conversely, 'if the broader economy begins to
retreat from what gains it has made thus far, U.S. housing is in essence right
back where it started about a year ago,' said Curran.
Fitch will provide a brief recap of fourth quarter-2010 (4Q'10) as well as
discuss the outlook for the balance of 2011 during a teleconference to be held on
Monday, April 18, 2011 at 10:00 a.m. ET (separate press release to follow).
The Fitch report, 'U.S. Homebuilding: The Chalk Line - Quarterly Update: Spring
2011' was published April 15, 2011 and includes the following key updates and new
features:
--Homebuilders' quarterly growth trends and margin statistics for the fourth
quarter of 2010, excluding the impact of non-recurring, non-cash real estate
charges, are provided as is information about the calendar fourth quarter and
fiscal year-to-date option write-offs and land value write-downs;
--Liquidity analyses are updated and historical liquidity profiles are presented
for perspective;
-- Recovery ratings are detailed for five single B or lower rated homebuilding
credits;
--Corporate governance profiles are supplied for each of the 13 companies
monitored. ;
--The positive implications of future reversals of deferred tax asset valuation
allowances are discussed;
--The Dodd-Frank issues relating to 'qualified' residential mortgages are
reviewed;
--The Obama administration's housing reform proposals are presented, as are the
proposals and counterproposals regarding servicers and foreclosures;
--Various foreclosure statistics and related data are updated and a summary of
historical foreclosure filings is presented;
--There are also new comments on home pricing, Fannie Mae/Freddie Mac, the FHA,
tightening credit standards, price reductions for home listings and Chinese
drywall;
--Fitch's economic and construction forecasts for 2011 have been updated.
Additional information is available at 'http://www.fitchratings.com'
ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS.
PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK:
HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING
DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S
PUBLIC WEBSITE 'http://WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND
METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT,
CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER
RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT'
SECTION OF THIS SITE.
SOURCE: Fitch Ratings
Fitch Ratings
Robert P. Curran
Managing Director
+1-212-908-0515
Fitch Inc., 1 State Street Plaza, New York, NY 10004
or
Robert Rulla
Director
+1-312-606-2311
or
Media Relations
Brian Bertsch
+1-212-908-0549
brian.bertsch@fitchratings.com
Copyright Business Wire 2011
KBH sure didn't help out the homebuilder situation at all.....but I think we'll still see major recovery start by late spring. imho
08:00:05 Beazer Homes Introduces Its Pre-Owned Homes Division
Beazer Homes Introduces Its Pre-Owned Homes Division
Builder Expands Consumer Choices to Include Rental Options of Recently Built
Homes
ATLANTA, Apr 04, 2011 (BUSINESS WIRE) -- Beazer Homes (BZH), one of the country's
top-10 homebuilders, is expanding beyond new home sales with the introduction of
its Pre-Owned Homes Division. Beginning in the Phoenix market, the new division
is charged with acquiring, improving and renting recently built, previously owned
homes within select communities in markets in which the company currently
operates. By augmenting the sale of newly constructed homes with rental options
of previously owned homes, Beazer expects to appeal to a broader range of
consumers.
Ian J. McCarthy, Beazer Homes' Chief Executive Officer commented on the new
Division: "While many prospective home buyers recognize that this is an excellent
time to purchase a new Beazer eSMART high performance home -- with all of its
award-winning energy-saving features -- other consumers want or need different
home alternatives. With the Pre-Owned Homes Division, we look forward to
addressing this demand."
Homes targeted for inclusion in the Pre-Owned Homes program will have been built
since 2004 by a reputable builder, including homes built by Beazer Homes. All
Beazer Pre-Owned Homes will receive necessary repairs and upgrades to bring them
up to strict Company standards.
Because the primary source of Pre-Owned Homes will be distressed sales, typically
foreclosures or short sales, Beazer anticipates acquiring homes at a discount to
their replacement cost. Having completed its first acquisitions and tenant
move-in during March, Beazer anticipates increasing the size of its Pre-Owned
Homes portfolio to more than 100 homes in Phoenix by the end of fiscal 2011.
The Company expects the rental of these homes to appeal to consumers who have
elected not to become home owners as well as those who may not fully qualify for
mortgage financing for a new home at this time. The rental market for recently
built homes in Phoenix is very strong, with an estimated vacancy rate below 5%.
The new Division leverages Beazer's strengths as a homebuilder and knowledge of
its markets, and offers an attractive investment proposition for a portion of the
Company's cash reserve. Rich O'Connor, a longtime Beazer executive, has been
appointed to lead the company's Pre-Owned Homes Division.
"As a public homebuilder with significant financial resources, Beazer has the
expertise to identify, acquire and improve this select group of previously-owned
homes," said O'Connor. "And by working with third party local property management
companies, we will be creating a best-in-class rental experience for consumers."
Because Beazer will own each home, rather than a bank or an under-capitalized
investor, renters can have confidence in the homes and neighborhoods served by
the Pre-Owned Homes Division. In the coming months the Pre-Owned Homes Division
may expand its geographic coverage to include homes in Nevada or California.
Upon a recovery in the housing markets, characterized in part by higher home
prices and lower cash yields from rental income, Beazer expects to offer these
previously owned homes for re-sale, either to their respective tenants or to
other buyers.
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 eSMART 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."
Forward Looking Statements
This presentation contains forward-looking statements. These forward-looking
statements represent our expectations or beliefs concerning future events, and it
is possible that the results described in this press release will not be
achieved. These forward-looking statements are subject to risks, uncertainties
and other factors, many of which are outside of our control, that could cause
actual results to differ materially from the results discussed in the
forward-looking statements, including, among other things, (i) the final outcome
of various putative class action lawsuits, multi-party suits and similar
proceedings as well as the results of any other litigation or government
proceedings and fulfillment of the obligations in the Deferred Prosecution
Agreement and consent orders with governmental authorities and other settlement
agreements; (ii) additional asset impairment charges or writedowns; (iii)
economic changes nationally or in local markets, including changes in consumer
confidence, declines in employment levels, volatility of mortgage interest rates,
availability of mortgage financing and inflation; (iv) a slower economic rebound
than anticipated, coupled with persistently high unemployment and additional
foreclosures; (v) continued or increased downturn in the homebuilding industry;
(vi) estimates related to homes to be delivered in the future (backlog) are
imprecise as they are subject to various cancellation risks which cannot be fully
controlled, (vii) our cost of and ability to access capital and otherwise meet
our ongoing liquidity needs including the impact of any downgrades of our credit
ratings or reductions in our tangible net worth or liquidity levels; (viii)
potential inability to comply with covenants in our debt agreements or satisfy
such obligations through repayment or refinancing; (ix) increased competition or
delays in reacting to changing consumer preference in home design; (x) shortages
of or increased prices for labor, land or raw materials used in housing
production; (xi) factors affecting margins such as decreased land values
underlying lot option agreements, increased land development costs on communities
under development or delays or difficulties in implementing initiatives to reduce
production and overhead cost structure; (xii) the performance of our joint
ventures and our joint venture partners; (xiii) the impact of construction defect
and home warranty claims including those related to possible installation of
drywall imported from China; (xiv) the cost and availability of insurance and
surety bonds; (xv) delays in land development or home construction resulting from
adverse weather conditions; (xvi) potential delays or increased costs in
obtaining necessary permits and possible penalties for failure to comply with
laws, regulations and governmental policies; (xvii) potential exposure related to
additional repurchase claims on mortgages and loans originated by BMC; (xviii)
estimates related to the potential recoverability of our deferred tax assets;
(xviv) effects of changes in accounting policies, standards, guidelines or
principles; or (xvv) terrorist acts, acts of war and other factors over which the
Company has little or no control.
Any forward-looking statement speaks only as of the date on which such statement
is made, and, except as required by law, we do not undertake any obligation to
update or revise any forward-looking statement, whether as a result of new
information, future events or otherwise. New factors emerge from time to time and
it is not possible for management to predict all such factors.
SOURCE: Beazer Homes USA Inc.
Beazer Homes USA, Inc.
Carey Phelps, 770-829-3700
Director, Investor Relations & Corporate Communications
investor.relations@beazer.com
Copyright Business Wire 2011
spring summer and on-ward should be positive..... imho. Z
Nice trend reversal lately. Time to get back over $5 and on the track we were on January/February.
hey az . yep...I'm sure we will ... at least as soon as late spring imho. Z
nice day here. I'd like to see $5 again.
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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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