Liquidity - Hovanian - Deal of the Century
October 5th, 2007 . by mcareyThis is a bit of old news, as the sale occurred nearly a month ago, but I had several calls this week from developers, investors and smaller financial institutions who are in severe cash crisis’s. This article and the developer’s tactics display the advantages of liquidating assets and putting cash in the bank or paying down debt. In particular, comments from homebuilders around the country show this isn’t a time to sit on your hands…
“We’re not focused on growth,'’ Ian McCarthy, Beazer’s chief executive officer, said at a homebuilding conference in New York on Sept. 18. “We’re very much focused on today and getting through this downturn.”
Sphere: Related Content