Company profile

Ticker
BZH
Exchange
Website
CEO
Allan P. Merrill
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
IRS number
582086934

BZH stock data

(
)

Calendar

12 Nov 20
25 Jan 21
30 Sep 21

News

Quarter (USD) Jun 20 Mar 20 Dec 19 Jun 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Sep 20 Sep 19 Sep 18 Sep 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 165.35M 165.35M 165.35M 165.35M 165.35M 165.35M
Cash burn (monthly) 49.07M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 336.86M n/a n/a n/a n/a n/a
Cash remaining -171.51M n/a n/a n/a n/a n/a
Runway (months of cash) -3.5 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
10 Dec 20 Robert L. Salomon Common Stock Sell Dispose S No 15.16 2,000 30.32K 198,601
9 Dec 20 Robert L. Salomon Common Stock Sell Dispose S No 15.433 4,000 61.73K 200,601
8 Dec 20 C Christian Winkle Common Stock Buy Aquire P No 15.2999 3,616 55.32K 26,362
8 Dec 20 Robert L. Salomon Common Stock Sell Dispose S No 15.4115 7,500 115.59K 204,601
7 Dec 20 Robert L. Salomon Common Stock Sell Dispose S No 15.3566 12,500 191.96K 212,101
4 Dec 20 Robert L. Salomon Common Stock Sell Dispose S No 15.145 2,500 37.86K 224,601
1 Dec 20 C Christian Winkle Common Stock Buy Aquire P No 14.6399 3,775 55.27K 22,746
75.9% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 137 132 +3.8%
Opened positions 30 34 -11.8%
Closed positions 25 22 +13.6%
Increased positions 35 40 -12.5%
Reduced positions 49 37 +32.4%
13F shares
Current Prev Q Change
Total value 1.22B 1B +21.7%
Total shares 23.71M 23.87M -0.7%
Total puts 136.8K 199.2K -31.3%
Total calls 451.1K 204.7K +120.4%
Total put/call ratio 0.3 1.0 -68.8%
Largest owners
Shares Value Change
BLK Blackrock 2.55M $33.66M -4.4%
Donald Smith & Co. 2.33M $30.73M -20.3%
Capital World Investors 1.66M $21.91M 0.0%
Vanguard 1.51M $19.98M -4.0%
Towle & Co 1.35M $17.82M NEW
IVZ Invesco 1.15M $15.22M +69.1%
Acadian Asset Management 1.13M $14.92M -1.1%
Royce & Associates 973.68K $12.85M -12.8%
NTRS Northern Trust 760.56K $10.04M -1.1%
STT State Street 752.76K $9.94M -3.2%
Largest transactions
Shares Bought/sold Change
Towle & Co 1.35M +1.35M NEW
Angelo Gordon & Co. 0 -1.16M EXIT
Donald Smith & Co. 2.33M -591.83K -20.3%
IVZ Invesco 1.15M +471.17K +69.1%
WFC Wells Fargo & Co. 272.51K +204.65K +301.6%
Renaissance Technologies 0 -193.56K EXIT
Foundry Partners 168.1K +168.1K NEW
Royce & Associates 973.68K -143.24K -12.8%
MS Morgan Stanley 57.92K -138.13K -70.5%
Arrowstreet Capital, Limited Partnership 405.99K +134.57K +49.6%

Financial report summary

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Risks
  • A number of conditions that affect demand for the homes we sell are outside of our control. Many of these conditions, such as interest rates, inflation, employment levels, wage levels and governmental actions also impact consumer confidence, upon which our business is highly dependent.
  • If we are unsuccessful in competing against our competitors, our market share could decline or our growth could be impeded and, as a result, our financial condition and results of operations could suffer.
  • The homebuilding industry is cyclical. A downturn in the industry could adversely affect our business, financial condition and results of operations.
  • The market value of our land and/or homes may decline, leading to impairments or other charges and reduced profitability.
  • Negative publicity or poor relations with the residents of our communities could negatively impact sales, which could cause our revenues or results of operations to decline.
  • Our long-term success depends on our ability to acquire finished lots and undeveloped land suitable for residential homebuilding at reasonable prices, in accordance with our land investment criteria.
  • Supply shortages and other risks related to the demand for skilled labor and building materials could increase costs, delay deliveries and could adversely affect our financial condition and results of operations.
  • Reduced numbers of home sales extend the time it takes us to recover land purchase and property development costs, negatively impacting profitability and our results of operations.
  • We could experience a reduction in home sales and revenues due to our inability to acquire and develop land for our communities if we are unable to obtain reasonably priced financing.
  • An increase in cancellation rates may negatively impact our business and lead to imprecise estimates related to homes to be delivered in the future (backlog).
  • Natural disasters and other related events could result in delays in land development or home construction, increase our costs or decrease demand in the impacted areas.
  • Inflation may adversely affect us by increasing costs beyond what we can recover through price increases.
  • We may incur additional operating expenses or longer construction cycle times due to compliance programs or fines, penalties and remediation costs pertaining to environmental regulations within our markets. Additionally, any violations of such regulations could harm our reputation, thereby negatively impacting our financial condition and results of operations.
  • We are subject to extensive government regulation, which could cause us to incur significant liabilities or restrict our business activities.
  • At any given time, we are the subject of pending civil litigation that could require us to pay substantial damages or could otherwise have a material adverse effect on us.
  • Our operating expenses could increase if we are required to pay higher insurance premiums or litigation costs for various claims, which could negatively impact our financial condition and results of operations. Additionally, our insurance policies may not offset our entire expense due to limitation in coverages, amounts payable under the policies or other related restrictions.
  • We are dependent on the services of certain key employees and the loss of their services could hurt our business.
  • Terrorist attacks or acts of war against the United States or increased domestic or international instability could have an adverse effect on our operations.
  • Information technology failures, cybersecurity breaches or data security breaches could harm our business.
  • Our access to capital and our ability to obtain additional financing could be affected by any downgrade of our credit ratings, as well as limitations in the capital markets or adverse credit market conditions.
  • Our senior notes, revolving credit facility, letter of credit facilities and certain other debt impose significant restrictions and obligations on us. Restrictions on our ability to borrow could adversely affect our liquidity. In addition, our substantial indebtedness could adversely affect our financial condition, limit our growth and make it more difficult for us to satisfy our debt obligations.
  • The tax benefits of our pre-ownership change net operating loss carryforwards and built-in losses were substantially limited since we experienced an “ownership change” as defined in Section 382 of the Internal Revenue Code, and portions of our deferred income tax asset have been written off since they were not fully realizable. Any subsequent ownership change, should it occur, could have a further impact on these tax attributes.
  • Our stock price is volatile and could decline.
  • We experience fluctuations and variability in our operating results on a quarterly basis and, as a result, our historical performance may not be a meaningful indicator of future results.
Management Discussion
  • Fiscal 2020 represented continued progress towards the execution of our balanced growth strategy. Specifically, we have successfully improved our balance sheet by reducing our debt balance, and our strong improvements in net new orders, sales pace, homes in backlog and homebuilding gross margin has positioned us well for fiscal 2021 growth.
Content analysis ?
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Negative
Uncertain
Constraining
Legalese
Litigous
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H.S. sophomore Avg
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