BZH - $29.02 - Beazer Homes ** LEAP PUT **
The legal problems are mounting for Beazer and the quantity makes it highly probable they are going to find some charges filed in the near future. Some of the things they are being accused of doing could actually put them out of business if charged and found guilty. With the housing sector already out of favor the odds of Beazer falling substantially from here are pretty good without a sudden miracle to rescue them from the alphabet soup guys.
Beazer Homes USA, Inc. designs, sells and builds primarily single-family homes in various locations within the United States. The Company's segments comprise the locations, in which it operates, and these include West (Arizona, California, Nevada and New Mexico); Mid-Atlantic (Delaware, Maryland, New Jersey, New York, Pennsylvania, Virginia and West Virginia); Florida; Southeast (Georgia, Nashville, North Carolina and South Carolina), and Other (Colorado, Indiana, Kentucky, Memphis, Ohio and Texas). The Company offers homes at various price points to appeal to homebuyers across various demographic segments. Its homebuilding and marketing activities are conducted under the name of Beazer Homes in each of its markets. The Company's products are offered in categories, such as Economy, Value and Style. It also offers mortgage services to its homebuyers through its subsidiary, Beazer Mortgage Corporation.
Buy Jan-08 $25 PUT WZF-ME currently $3.10
No stop loss