|
Analyst Initiation of Coverage: AXXel Knutson recommends Beazer Homes Usa, Inc. [BZH]
Analyst Initiation of Coverage with "Strong Buy" rating
FOR IMMEDIATE RELEASE
CONTACT:
AXXel Knutson, Chief Investment Officer
TradingWeapon.com
107 Mountainview Rd.,
Warren, NJ 07059
Phone: 908-647-5750
http://www.tradingweapon.com
axxel@blast.net
Analyst Upgrade of Opinion: Beazer Homes USA, Inc. [BZH-44]
October 24, 2001: [Warren, New Jersey] Axxel Knutson, President & Chief Investment Officer [CIO] of TradingWeapon.com in Warren, New Jersey, an OSJ* office of First Allied Securities Inc., an NASD/SIPC member, today initiated coverage of Beazer Homes, USA [BHZ-44] with a "Strong Buy" rating. According to Knutson, " The decline in the price of Beazer since early September from the recent high of $66 and the 52-week high of $79.35 has brought the stock into a very attractive risk/reward range, trading under ten times earnings and a strong track record in earnings and revenue growth. Our price objective is to see the stock test the recent $66 high in the intermediate term and to potentially surpass the 52-week high. Given the very low level of interest rates, we further think that the overall environment for home purchases is attractive." TradingWeapon.com is located at 197 Mountainview Road, Warren, New Jersey 07059 TEL: 908-647-5750.
AXXel Knutson
www.TradingWeapon.com
axxel@blast.net
For additional information visit: www.tradingweapon.com
|
