Beazer Offering Trumps Orders (BZH)

Posted in pre-market 
January 6th, 2010

Beazer Homes USA Inc. (NYSE: BZH) is down this morning after an after-hours sell-off.  The company said that quarterly orders jumped 37%, but the company is also raising cash.  Beazer is selling 18 million shares and $50 million in convertible notes.  This was down 7.75% at $5.00 versus a $5.42 close on Tuesday in the after-hours on over 100,000 shares last night.  At 8:49 AM EST we have shares trading down 9.5% at $4.90 on only about 8,000 shares.


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