Current news for this company:
Comstock Homebuilding Companies - Public Home Builder
We heard just now that Comstock Homebuilding Companies, Inc. (comstockhomes.com received a going concern opinion from PricewaterhouseCoopers regarding their 2007 audit. A going concern opinion is an expression that the company being audited is facing adverse market conditions. Per an article on the going concern opinion:
The article goes on to note that Comstock's primary markets are Washington, DC, Raleign and Atlanta.
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Important: Ailing Builders haven't shut down, but they've suffered significant valuation declines, temporarily halted redemptions, or faced other major business hurdles. Builders on watch may not even have unusual declines relative to peers, but may be posted if it is felt there may be risk of developing a more serious condition in the near future.