Monday, July 9, 2007

UPDATE 1-Hedge fund Moore Capital takes Beazer Home stake

(Reuters) - Beazer, the sixth-largest U.S. home builder, has seen its
stock price slashed by half, as it wrestles with a sagging U.S.
home market and investigations into its role in questionable
lending practices.




Beazer shares closed at $23.20, down 78 cents, or 3.3
percent, on the New York Stock Exchange on Monday. In January
the stock was trading in the mid-40s.


Read more at Reuters.com Bonds News

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