Web Roundup - By MHM Contributing Staff on Tuesday, February 10, 2009 - 0 Comments
Big Builders Bankrupt – from Reuters
NEW YORK, Feb 10 (Reuters) – A review of the 33 U.S. home builders generating more than $10 million in revenue found that more than 30 percent are in danger of filing for bankruptcy, according to a restructuring consultancy.
“It’s striking when you see just how much cash flow has continued to decline for the better builders,” said John Bittner, partner at Grant Thornton Corporate Advisory and Restructuring Services.
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