Current news for this company:
Meritage Homes Corporation - Residential Home Builder
At it's height Meritage Homes was the the nation's 12th-largest builder. The company's stock traded as high as $112 in July of 2005, the height of the housing boom before splitting 2:1 (Fool).
As with other builders the fall from grace has been dramatic and sudden. A glance at their chart shows the steep steady crash from precipice at $95 to $10.
Meritage released their fourth quarter earnings for 2007 on January 28th. Per their release:
Meritage traded as low as $7.04 per share before closing Jan. 24 at $10.87.
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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.