Beazer Homes USA Inc. (NYSE: BZH) is down this morning after an after-hours sell-off. The company said that quarterly orders jumped 37%, but the company is also raising cash. Beazer is selling 18 million shares and $50 million in convertible notes. This was down 7.75% at $5.00 versus a $5.42 close on Tuesday in the after-hours on over 100,000 shares last night. At 8:49 AM EST we have shares trading down 9.5% at $4.90 on only about 8,000 shares.
JON C. OGG
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