Current news for this company:
Reeves Williams - Home builder
Update - 2008-06-10:
We're getting additional reports indicating further that Reeves Williams may be in trouble. While we vet these out, we've been directed to a recent article published at commercialappeal.com. Per the article:
Original post - 2008-05-20:
According to myeyewitnessnews.com, Mississippi Homebuilder Reeves Williams, a subsidiary of Kalian Companies, is "closing all of its sales offices and selling some of its properties".
A spokesman for the company, Doug Heppe, as stated that Reeves Williams has no plans to file for bankruptcy. We'll be keeping an eye out to see if anything further develops.
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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.