NYSE:BZHConsumer Durables
Beazer Homes (BZH) Stock Rally Runs Into Wider Losses
Beazer Homes USA slipped less than 1% today to about US$33, even after posting another quarterly loss. Short term traders see a stock that has already rallied strongly over the past three months. Longer term investors are staring at a homebuilder that is unprofitable across the latest quarter and the trailing twelve months, yet trades on a low price to sales multiple near 0.4x.
The headline from this earnings release is simple: the valuation looks cheap on sales, while profitability and debt...