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Category Archives: Investing

HOV HQ on West Front Street, Red Bank. A near stoppage in mortgage lending drove Hovnanian Enterprises to its ninth consecutive quarterly loss in the period ending October 31, the Red Bank-based homebuilder reported yesterday. According to Bloomberg, the loss...
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December 17th, 2008 @ 7am
Remember: Nothing makes a Red Bank friend happier than to hear "I saw you on Red Bank Green!"
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Homebuilder Hovnanian Enterprises, based in Red Bank,posted its eighth consecutive quarter in the red, reporting a net loss of $202.5 million for the fiscal quarter ended July 31. The loss equated to $2.67 per share, compared with a loss $1.27...
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September 4th, 2008 @ 6am
Rumson billionaire Mickey Gooch and his partners are suing a former employee of their Wall Street brokerage for allegedly poaching 22 staffers while still at the firm, the Asbury Park Press reports. In their suit against Donald Fewer of Colts...
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June 18th, 2008 @ 11am
The company's headquarters overlooking the Navesink River. Red Bank-based national homebuilder Hovnanian Enterprises saw its second-quarter losses increase elevenfold from last year as land valuations and revenues plunged again amid what Dow Jones calls "the worst housing downturn since the...
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June 4th, 2008 @ 7am
The R-FH Euro challengers: from left, Sam Wilson, Robbie Trocchia, Margot Keale, Steven Fuschetti and Jennifer Lapp. If you think understanding the U.S. economy is a brain-buster, try overlaying its complexity with currency exchange rates, European history and social trends...
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May 12th, 2008 @ 2pm
Hovnanian Enterprises says it is tripling its forecast for positive cash flow this year to $300 million from earlier "guidance" given to investors. The announcement came with this morning's report by the publicly traded homebuilder, based here in Red Bank,...
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May 5th, 2008 @ 6am
A man said by authorities to be a Red Bank resident was indicted today for swindling $161,000 from an investor in an iced tea company that turned out to be bogus, according to an announcement by the New Jersey Attorney...
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March 25th, 2008 @ 4pm
Much as it was for other retailers, the late-2007 holiday shopping season was tough one for Tiffany & Co., which opened a store in Red Bank just as the season was kicking off. But even as its fourth-quarter profit shrank,...
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March 24th, 2008 @ 8am
The Courtyard at Monmouth project, which exists only on paper, is on the block. Little more than a week after he won approval for plan to transform a grubby corner of Red Bank into a little hunk 'o Hoboken, would-be...
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March 13th, 2008 @ 10am
Red Bank-based Hovnanian Enterprises reported its sixth consecutive quarterly loss yesterday, this time a $131 million shortfall that was double the year-prior amount. The publicly traded homebuilder, which operates in 19 states, managed to sell more units in its lastest...
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March 11th, 2008 @ 6am
A Jackson Township woman who ran a Lincroft investment advisory firm has been indicted on charges she bilked clients out of $641,000. Zina Martin, 43, was the sole owner and president of Kairos Financial, whose address is given as 331...
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February 19th, 2008 @ 6am
This time three weeks ago, shares of Hovnanian Enterprises were at a seven-year low, trading below $5 apiece. Four dollars and eighty cents, actually, as of the close on Jan. 9. No doubt investors who'd bought the stock as it...
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February 1st, 2008 @ 7am
Ailing national homebuilding giant Hovnanian Enterprises saw its stock and debt downgraded by a major ratings agency yesterday, but investors bid the company's stock up neatly anyway. The price of a share rose 70 cents, or almost 12 percent, to...
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January 17th, 2008 @ 6am
Tiffany & Co., which opened much-anticipated new store on Broad Street in November, saw sales in its American stores that had been open a year or more dip 2 percent in the November-December period, the jeweler announced late last week....
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January 14th, 2008 @ 6am
Sold, for more than the seller ever dreamed: 25 Broad Street. Stuart Paer's request to the Red Bank Planning Board on Monday night went through like lightning. He was asking for a change of use for the second-floor space in...
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January 9th, 2008 @ 11am
Today's Star-Ledger takes a look at the "dismal" year that Red Bank-based Hovnanian Enterprises has had. And the coming year doesn't look at lot brighter. But to make that point, the page-one story kicks off with an an anecdote that...
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December 26th, 2007 @ 8am
File photo of Hovnanian's Red Bank HQ, as seen from the foot of Maple Avenue. Amid a widespread credit shutdown, Hovnanian Enterprises said its fourth-quarter net loss quadrupled over year-ago results. The Red Bank-based homebuilding company yesterday reported a net...
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December 19th, 2007 @ 7am
A Lincroft rare-coin dealer has brokered the sale of a collection of prototype coins, some hundreds of years old, for $30 million, the Associated Press reported over the weekend. Inclued in the private transaction were about 1,000 coins made between...
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November 19th, 2007 @ 7am
Restoration Hardware Inc., owner of Red Bank's most prominent national-chain store, is being taken private by company executives in a deal valued at $267 million, according to the news agency Reuters and other reports. The buyout group, which includes private...
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November 8th, 2007 @ 12pm
Hovnanian's Red Bank HQ, as seen from the foot of Maple Avenue in sunnier days. Red Bank-based Hovnanian Enterprises, one of America's largest publicly traded homebuilders, got walloped again in its latest fiscal quarter. Continuing a slide that company official...
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November 6th, 2007 @ 3pm
Partyline
SOMEWHERE OVER THE RAINBOW
Stunning rainbow over Red Bank as a big weekend storm approaches.
“FESTIVA” YACHT DOCKED AT MARINE PARK
Festiva, an 85-foot yacht, was docked at Marine Park on Friday night. Red Bank Green spoke to the owner, Everett Moore, who said that it was ...
OH NO! ELMO LOST!
A lost Elmo appears to be reaching out for help through the redbankgreen Partyline.
NAVESINK SPILLS OVER
Nor'easter stacks tides up in the Navesink, pushing the river over its (Red) banks.
BUZZ LIGHTYEAR WATCHES LINE DANCERS
redbankgreen Partyline captures Buzz Lighyear watching the line dancers on Broadwalk Monday night. 
EGRET-FUL END TO SUMMER
A great egret patrols the shallows of the Swimming River in front of the Red Bank Primary School last week. Submitted by Brian Donohue
COMMUNITY MESSAGE BOARD NOW OPEN ON HUDSON AVENUE
Community message board open! The RBPD has placed a mobile display board on Hudson Avenue. Send captions and messages you’d like to se ...
A CHIEF’S FAREWELL
Funeral services at St. James church and a large American flag suspended over Broad Street from an RBFD hook and ladder for former Red Bank ...
COIFFING GUARD
redbankgreen Partyline captures super cool crossing guard just chilllin'.
SURF TACO RE-OPENS NEW LOOK DINING ROOM
Partyliner captures Surf Taco's new look dining room.
STEEPLETOP RAVEN
redbankgreen Partyline: a raven calls out from atop the steeple of St. James Church.
CARPENTER OR COMPETITOR? HOT DOG TRUCK RIVALS EMERGE IN RED BANK
On the redbankgreen Partyline: with two new hot dog vendors opening this summer, even a carpenter's box truck makes one wonder.
BOONDOCKS SWAN
redbankgreen Partyline: Swan on the Navesink River as seen from Boondocks restaurant.
9/11 TRIBUTE
Bailey Bryce Holiday and her father Bobby Holiday Jr. paint the lawn at Riverside Gardens Park Tuesday in preparation for the upcoming comme ...
PILGRIM BAPTIST TO JAMAICA
Recently, Pilgrim Baptist Church of Red Bank traveled to Trelawny Parish of Jamaica on a Relief & Recovery Mission Trip.  The Mission T ...
SNAIL WEATHER
Overnight rains and warm humid temperatures brought out a parade of snails along the access path to the Red Bank Primary School near Locust ...
ECHOES OF THE PAST IN TILE
Next to Playa Bowls. Always fascinated how this has stood here this long. (Submitted by Joseph Jakub)
VIVA LA ELSIE’S
redbankgreen Partyline captures French visitor enjoying a pickle sub from Elsie's.
Truck strike downs pole
A truck struck a utility pole at the intersection of Catherine Street and Shrewsbury Avenue at about 8 am Monday morning. The pole wss compl ...
THRONGS FLOCK TO RED BANK STREET FAIR
redbankgreen Partyline: Thousands fill the streets of Red Bank for street fair.