| IBJ Staff |
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The possible bankruptcy of Charlotte, N.C.-based Beazer Homes USA Inc. caused investors to dump its stock today. Its shares were down 19.8 percent, to $11.34, at noon.
Beazer, which entered the Indianapolis area in 2002 through its acquisition of locally based Crossmann Communities Inc., is the second-largest homebuilder in the area, according to IBJ 's Book of Lists.
U.S. Global Investors Inc. senior trader Michael Nasto was quoted by Bloomberg as saying ``We're hearing Beazer is supposedly going bankrupt. If in fact that comes to fruition, the market's going to be in a world of hurt.'
The Securities and Exchange Commission launched an investigation of Beazer last week, and the FBI disclosed in March that it was looking into possible fraud |
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