This guy pegs Standard Pacific as the weakest U.S. homebuilder.
With the housing market still crumbling, there is a decent chance that some homebuilders are going to go bankrupt over the next year.
More on Standard Pacific.
Shares of Standard Pacific have lost more than 80% its value this year. The company counts a market value of about $340 million.
But has debt of $2 billion.
Some analysts fear the worst for the country’s 11th largest homebuilder by sales. CreditSights analysts Frank Lee and Sarah Rowin said Standard Pacific could be forced to file for bankruptcy protection.
Beazer Homes is another home builder with a lot of bad news.