Current news for this company:

Centex Homes - Nationwide public home builder




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Things are going so badly for Centex that even a home give-away promotion, which generated more than 250,000 entries ended in dispute. The contest had two winners and now Centex offered to build two homes, a doubling of losses of sorts. These were not the only unexpected losses for the home builder.

In other news on Centex, Seeking Alpha reports on Centex's $1 billion impairment charg:

Number-one U.S. home builder Centex said Friday it will take almost $1 billion in charges for its fiscal Q2, saying the housing market continues to be "extremely difficult."

They are probably right and the stock has already reacted to recession fears. Further, S&P has cut ratings on Centex's debt. Stay tuned.

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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.