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Stock Market & Financial Investment News

News Breaks
June 11, 2014
07:31 EDTDOOR, MTH, PNKBofA/Merrill to hold a summit
Housing Summit to be held in Boston on June 11.
News For DOOR;MTH;PNK From The Last 14 Days
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July 18, 2014
10:03 EDTDOOROn The Fly: Analyst Initiation Summary
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July 17, 2014
19:20 EDTDOORMasonite initiated with an Outperform at Wedbush
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July 11, 2014
08:04 EDTPNKPinnacle Entertainment sees unusual expense items of $8M-$10M in Q2
Pinnacle Entertainment expects Q2 consolidated adjusted EBITDA and income from continuing operations to include unusual expense items that aggregate to a range of $8M-$10M. The unusual expense items relate to the rollout out of the company's mychoice player loyalty program at its Ameristar branded properties, Colorado lobbying expenses, and severance expense.
July 10, 2014
16:04 EDTMTHMeritage Homes to acquire Legendary Communities for $130M
Meritage Homes Corporation announced its definitive agreement to acquire the homebuilding assets and operations of Atlanta-based Legendary Communities for a purchase price of approximately $130M. Legendary is one of the largest privately-held homebuilders operating along the I-85 corridor of the southeastern U.S. with a significant presence in the Atlanta and Greenville-Spartanburg markets, and a position in Charlotte. Both Atlanta and Greenville-Spartanburg will be new markets for Meritage, while Legendary’s Charlotte operations will be combined into Meritage’s existing division there. Legendary was founded in 2009 and builds homes primarily for first and second move-up buyers with base home prices ranging from approximately $120K-$550K. Legendary closed approximately 500 homes and generated approximately $156M of revenue in 2013. As of June 30, Legendary owned or controlled approximately 4,000 home sites.

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