Standard & Poors Ratings Services lowered its ratings on Meritage Homes Corp to BB-, citing continued pressure on the US-based home builders primary homebuilding markets of Arizona, California, and Nevada.
S&P did say that Meritage’s near-term liquidity was currently adequate, but would weaken if market conditions did not begin to stabilize.
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Cbass 02.26.08 at 9:53 pm
Man Bobby Sarver can’t catch a break!
First he buys shares of Meritage as reported here on your blog about 6 months ago.
Then his GM goes and gets a guy making 20 Million dollars to play 25 minutes a game.
He must have bad thoughts late at night.