Green Brick Partners Inc
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Consumer Discretionary : Household Durables | Small Cap Blend
Company profile

Green Brick Partners, Inc. operates in the real estate industry. The Company operates through two segments. The builder operations segment includes its controlled builders results, which include building and selling single-family detached homes and townhomes that are designed and built to meet local customer preferences, and the sale of lots. Builder operations consist of three operating segments: Texas, Georgia, and corporate and other. Corporate operations segment develops and implements strategic initiatives and supports its builder operations and land development by centralizing certain administrative functions, such as finance, treasury, information technology and human resources. The land development segment includes operations related to the acquisition and development of land, which is sold to its controlled builders and third-party homebuilders. As of December 31, 2016, it had owned or controlled over 5,200 home sites in various locations in the Dallas and Atlanta markets.

Closing Price
Day's Change
-0.11 (-0.51%)
B/A Size
Day's High
Day's Low
(Below Average)

10-day average volume:

UPDATE: Just a healthy correction? No -- Tesla could be heading toward a 'death spiral,' strategist warns

12:15 pm ET September 9, 2020 (MarketWatch)

Shawn Langlois

'It feels the current correction is going deeper. It might even wobble into a crash.'

That's Bill Blain, strategist at London's Shard Capital, painting a rather grim picture in his "Morning Porridge" note ( a stock he's been warning about, mostly wrongly, for years.

Yes, finally, it's a good time to be a Tesla bear.

"The fact that Tesla's massively overhyped bubble has now popped generates enhanced risks and downside momentum of their own making," Blain wrote, acknowledging that he'll be "bombarded" by trolls. "If Tesla stock doesn't stabilise quickly, the downside problems could swiftly cascade, accelerating the downward price into, perhaps, a death-spiral. "

He said that a market cap of $40 billion -- down from $307 billion, currently -- would perhaps make Tesla (TSLA) an attractive target.

"Leadership in battery tech, the value of the data it's acquired and marshaled for autonomous driving, and owning 20% of the growing EV market, might make it interesting as an expensive acquisition or as a partnership backdoor into EVs and meeting CO2 emission targets," Blain wrote.

Until then, he said that Tesla's biggest risk at this point could be Musk losing interest and focusing on any number of his other endeavors.

As it stands now, Tesla remains on Blain's "crisis list," where it was placed years ago alongside WeWork, HSBC (HSBA.LN) and, later, Boeing (BA).

"One gone, three down but not yet out," he said. "Let's see."

Blain is also bearish on the broader stock market, which was bouncing back in Wednesday's trading session, led by strength in the tech sector, after a brutal stretch of declines.

"It feels the current correction is going deeper. It might even wobble into a crash," he wrote, pointing to a "cataclysm" of troubling headlines. "Markets are likely to suffer more bad news as October marks rising unemployment and ongoing pandemic misery."

At last check, the Dow Jones Industrial Average was up more than 500 points, while the Nasdaq Composite and S&P 500 were also deep in the green.

Tesla was up about 6%.

-Shawn Langlois; 415-439-6400;

(END) Dow Jones Newswires

September 09, 2020 12:15 ET (16:15 GMT)

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