This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Meritage Homes' CEO Presents At 19th Annual Deutsche Bank Leveraged Finance Conference (Transcript)

Meritage Homes Corporation (MTH)

19th Annual Deutsche Bank Leveraged Finance Conference

October 12, 2011 11:55 a.m. ET

Executives



Larry Seay - EVP and CFO

Steven Davis - EVP, Chief Operating Officer

Brent Anderson - VP, Investor Relations

Analysts



[unidentified analysts]



Presentation



Unidentified Analyst

Thanks for coming out. You guys have the management team here, local guys business (ph) Scottsdale, hopefully you can get a good pitch from them how the housing market looks here, how the business is shaping up, and any thoughts they have, what the market looks like going forward, we’ll let them speak for themselves. Thanks a lot.

Larry Seay

Thank you. I would like to thank Deutsche Bank for hosting us. To my immediate right is – I guess my immediate left is Steve Davis, chief operating officer, and then Brent Anderson, our VP of Investor Relations. Moving along, obviously we are in our blackout for the quarter. So we’re not going to be talking about quarter end results at this point in time.

Meritage was founded in 1985, went public in 1996. We built over 70,000 homes. We’re the ninth largest builder based upon closings last year. We built about two-thirds of our houses as move-up, about a quarter is first-time and balance is a combination of active adult and semi-custom luxury homes. A couple years ago when the market started down, we did shift down to a little bit more starter homes for a bit. But as that market became more credit challenged, we moved back up into our more traditional two-thirds move-up range.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs