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mardi 24 juillet 2012

The Play of The Day BZH (Beazer Homes)

Looking for a play at today's low level and that is NOT Europe?

Beazer Homes has just refinanced it's debt and issued stock to finance some more land acquisition.

The stock price paid for it deerly BUT i think that 30% drop is too much and it is now way oversold.

Whenever BZH is near 2,50$ i jump in and accumulate some more and i do take some profit near 3$

Construction and banks lending are the most critical to any economic recovery and if you believe it will happen (or that is is already happening) well it is time to get in...

As usual (and more actually) DO NOT INVEST MORE THAN YOU CAN AFFORD TO LOSE and always do your own due diligence before investing in any stock. CHEAP SHARE PRICE does not necessary mean a real bargain. Play with extreme caution.

Get THE PLAY OF THE DAY on Twitter : @investman2

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