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Allan from Fallbrook
ParticipantTG: I do have TiVo. The problem is, I use it to record HBO and Showtime movies and all of the “Law and Order” shows I can handle.
I do not watch the news (right wing or left wing), and cannot stomache regular television programming.
Not to sound overly harsh towards either Couric or O’Donnell, but if I were to wake up tomorrow and find that both had been struck by the same fortuitous lightning bolt, I would shrug and get back to my Yoplait and the WSJ.
I like the radiometer idea, though. That has definite merit.
And would you mind thinning out some of the population of Temecula while you are at it? I need to go to Costco and those flipping crowds are killing me!
ParticipantTheBreeze: In this case (and in my opinion), liquidity is the key. As far as Balance Sheet items go, only the cash and receivables really count as liquid. I don’t know what makes up that $526MM in misc. assets and would need to see the notes to ascertain how liquid those assets really are. I’d also like to see their average DSO (Day’s Sales Outstanding) for receivables; this is usually a good indicator as to how quickly they are turning their receivables.
The inventory and options are fairly illiquid, especially in today’s market.
Homebuilders have notoriously low market caps, so be somewhat judicious when using that as a signpost. It appears, based on your numbers (and I would want to see an Income Statement to really comment), that Beazer has most of their net worth tied up in illiquid assets and their burn rate is excessive when compared to cash on hand. A good look at the liabilities side of the Balance Sheet would be informative as well.
One really severe bump and things could get really dicey.
ParticipantTheBreeze: In this case (and in my opinion), liquidity is the key. As far as Balance Sheet items go, only the cash and receivables really count as liquid. I don’t know what makes up that $526MM in misc. assets and would need to see the notes to ascertain how liquid those assets really are. I’d also like to see their average DSO (Day’s Sales Outstanding) for receivables; this is usually a good indicator as to how quickly they are turning their receivables.
The inventory and options are fairly illiquid, especially in today’s market.
Homebuilders have notoriously low market caps, so be somewhat judicious when using that as a signpost. It appears, based on your numbers (and I would want to see an Income Statement to really comment), that Beazer has most of their net worth tied up in illiquid assets and their burn rate is excessive when compared to cash on hand. A good look at the liabilities side of the Balance Sheet would be informative as well.
One really severe bump and things could get really dicey.
ParticipantTheBreeze: In this case (and in my opinion), liquidity is the key. As far as Balance Sheet items go, only the cash and receivables really count as liquid. I don’t know what makes up that $526MM in misc. assets and would need to see the notes to ascertain how liquid those assets really are. I’d also like to see their average DSO (Day’s Sales Outstanding) for receivables; this is usually a good indicator as to how quickly they are turning their receivables.
The inventory and options are fairly illiquid, especially in today’s market.
Homebuilders have notoriously low market caps, so be somewhat judicious when using that as a signpost. It appears, based on your numbers (and I would want to see an Income Statement to really comment), that Beazer has most of their net worth tied up in illiquid assets and their burn rate is excessive when compared to cash on hand. A good look at the liabilities side of the Balance Sheet would be informative as well.
One really severe bump and things could get really dicey.
ParticipantTemeculaguy: Okay, maybe I was slightly harsh, but only slightly.
Don’t you get more than irritated listening to the incessant bloviating from some overpaid, blow dried, insipid talking head?
I’ll make a point of checking out Diana Olick (professionally speaking, of course) on CNBC.
I don’t know why, but for some reason Katie Couric really chaps my hide. Not as bad as Rosie O’Donnell, but she’s close.
ParticipantTemeculaguy: Okay, maybe I was slightly harsh, but only slightly.
Don’t you get more than irritated listening to the incessant bloviating from some overpaid, blow dried, insipid talking head?
I’ll make a point of checking out Diana Olick (professionally speaking, of course) on CNBC.
I don’t know why, but for some reason Katie Couric really chaps my hide. Not as bad as Rosie O’Donnell, but she’s close.
ParticipantTemeculaguy: Okay, maybe I was slightly harsh, but only slightly.
Don’t you get more than irritated listening to the incessant bloviating from some overpaid, blow dried, insipid talking head?
I’ll make a point of checking out Diana Olick (professionally speaking, of course) on CNBC.
I don’t know why, but for some reason Katie Couric really chaps my hide. Not as bad as Rosie O’Donnell, but she’s close.
ParticipantThis is a pure WAG, but a cursory look at their financials (provided in the post) would indicate the latter (Chap 7), rather than the former.
Risk is being punished on Wall Street right now, and there is little patience or mercy being shown. Given their rate of burn and the amount of exposure shown on their Balance Sheet, I would imagine they are in an extremely vulnerable position right now.
Add that credit crunch to the picture, and it becomes somewhat hard to imagine that someone is going to ride to their rescue in the instance of a margin call.
Again, just a guess.
ParticipantThis is a pure WAG, but a cursory look at their financials (provided in the post) would indicate the latter (Chap 7), rather than the former.
Risk is being punished on Wall Street right now, and there is little patience or mercy being shown. Given their rate of burn and the amount of exposure shown on their Balance Sheet, I would imagine they are in an extremely vulnerable position right now.
Add that credit crunch to the picture, and it becomes somewhat hard to imagine that someone is going to ride to their rescue in the instance of a margin call.
Again, just a guess.
ParticipantThis is a pure WAG, but a cursory look at their financials (provided in the post) would indicate the latter (Chap 7), rather than the former.
Risk is being punished on Wall Street right now, and there is little patience or mercy being shown. Given their rate of burn and the amount of exposure shown on their Balance Sheet, I would imagine they are in an extremely vulnerable position right now.
Add that credit crunch to the picture, and it becomes somewhat hard to imagine that someone is going to ride to their rescue in the instance of a margin call.
Again, just a guess.
ParticipantJWM: You’re also presupposing that print and electronic media journalists have the intelligence to pose a leading question in order to solicit a reasoned response. Might be a little bit of a reach there, amigo.
Having watched Katie Couric discuss everything from the war in Iraq to global warming, I have a wee smidgen of skepticism as regards the ability of journalists to formulate any sort of coherent thought.
And after reading much of what passes for news in such propaganda/party organs as the UT, I wonder if the people “reporting” the news would be able to frame it in the proper context and report it fairly.
Not to sound overly harsh, but lately it has been a little like reading “Pravda” when it comes to unbiased reporting about RE, the credit situation or underlying market factors.
Of course, “Pravda” did have those great political cartoons. And those really good borscht recipes.
ParticipantJWM: You’re also presupposing that print and electronic media journalists have the intelligence to pose a leading question in order to solicit a reasoned response. Might be a little bit of a reach there, amigo.
Having watched Katie Couric discuss everything from the war in Iraq to global warming, I have a wee smidgen of skepticism as regards the ability of journalists to formulate any sort of coherent thought.
And after reading much of what passes for news in such propaganda/party organs as the UT, I wonder if the people “reporting” the news would be able to frame it in the proper context and report it fairly.
Not to sound overly harsh, but lately it has been a little like reading “Pravda” when it comes to unbiased reporting about RE, the credit situation or underlying market factors.
Of course, “Pravda” did have those great political cartoons. And those really good borscht recipes.
ParticipantJWM: You’re also presupposing that print and electronic media journalists have the intelligence to pose a leading question in order to solicit a reasoned response. Might be a little bit of a reach there, amigo.
Having watched Katie Couric discuss everything from the war in Iraq to global warming, I have a wee smidgen of skepticism as regards the ability of journalists to formulate any sort of coherent thought.
And after reading much of what passes for news in such propaganda/party organs as the UT, I wonder if the people “reporting” the news would be able to frame it in the proper context and report it fairly.
Not to sound overly harsh, but lately it has been a little like reading “Pravda” when it comes to unbiased reporting about RE, the credit situation or underlying market factors.
Of course, “Pravda” did have those great political cartoons. And those really good borscht recipes.
August 5, 2007 at 8:35 PM in reply to: Wesley Hogan or “the biggest no brainer in the history of mankind” #70649ParticipantHLS: Is this in any way similar to the Nouveau Riche University (NRU) scheme out in Arizona?
I read up on them a little while back, and was flabbergasted at how many adherents they had. Same type of thing: MLM based realty program, advertising “thousands” of people signed up and prospering.
Old P.T. Barnum strikes again!
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