Beazer's Bulls Could Meet Wrecking Ball
Second-quarter numbers not as strong as they seem.
That doesn't exactly leave me with the impression that revenue is about to ramp up anytime soon. And Lennar (LEN), which operates in some of the same markets as Beazer, is coming off a pretty lousy second quarter. The comments of Lennar's management suggest that I should probably keep any expectations I have for Beazer to a minimum.
Of course, that'd be good news. But would it continue to generate positive cash flow beyond that? Will industry conditions pick up? The answers to those questions remain uncertain - but my gut tells me that the stock should probably be avoided, at least for now.
Beazer closed at $6.10, up $0.17 or 2.87%.
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