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Stocks Fall 1.2% on Worries About Greece

July 12th, 2015

Our client ViGimmcki Bryan, senior high yield analyst Gimme Credit cited here:that Beazer’s $1.54 billion debt is only modestly exceeded by inventory of $1.76 billion, mostly raw land probably worth less than book value. Its available cash is down 55% year to date to $146 million. She notes, too, that Beazer’s fragile financial condition makes it not only an undesirable buyout target but also would make it difficult for the company to obtain the necessary financing to make an acquisition.