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House Beat

Paul Deffenbaugh
The editor's spot at a Professional Builder offers the best armchair view of the housing industry. In this blog, I hope to take you inside that view, presenting the industry to you in new ways that are fun, surprising, eye-opening, and -- I hope -- refreshing. Contact me at paul.deffenbaugh@reedbusiness.com. Or you can catch me on twitter -- http://twitter.com/PDeffProBuilder

Wednesday, April 8, 2009

Paul Deffenbaugh

Pretty Soon We're Talking Real Money

Apr 8 2009 1:10PM | Permalink | Email this | Comments (2) |
Blog This! using: Blogger.com | LiveJournal |

By Paul Deffenbaugh

"A billion here, a billion there. Pretty soon, we're talking real money." Sen. Everett McKinley Dirsken

Transposed numbers? The deal between Pulte and Centex has been reported by the Wall Street Journal as a $1.3 billion deal. Other news outlets in addition to the two concerned parties place the deal at $3.1 billion. 

The reality? The announced transaction says Pulte will pay $3.1 billion in stock for Centex. Along with that comes $1.8 billion in debt. $3.1 billion minus $1.8 billion equals $1.3 billion.

The final verdict? It's a $1.3 billion deal.

Gut instinct? Follow the Wall Street Journal.


Reader Comments


at 11/3/2009 5:16:14 PM, Roof Contractor Oklahoma City said:
I am in the process of scheduling interviews for a roofing contractor.
I know the basics (i.e. proof of insurance, license, written price, schedule) but are there any other questions
I should be asking that would effect the outcome of the roof? Is it ok to flat out as for referrals?
Do you think it is important to actually meet the foreman who will be on the job?
Any insight would help!! Thanks!

at 11/3/2009 5:26:57 PM, Roof Contractor Oklahoma City said:
I am in the process of scheduling interviews for a roofing contractor.
I know the basics (i.e. proof of insurance, license, written price, schedule) but are there any other questions
I should be asking that would effect the outcome of the roof? Is it ok to flat out as for referrals?
Do you think it is important to actually meet the foreman who will be on the job?
Any insight would help!! Thanks!

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