On September 10, 2007 I wrote an article about Dominion Homes, the struggling homebuilder based out of Ohio. The company was highly leveraged, had close to no cash on the balance sheet, and owned roughly 400 million dollars in land on the books. With tight liquidity in the housing market the company was [...]
Archive for February, 2008
Dominion Homes Takes Buyout Over Bankruptcy
Posted in Everything, Investing, tagged accounting, Angelo Gordon & CO LP, Arbitrage, balance sheet, book value, Borror, buyout, credit, Dominion, homebuilder, Homes, housing, Kentucky, land, market, Ohio, rating, real estate, Silver Point Capital LP, stocks on February 9, 2008 | Leave a Comment »
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