Category Archives: Investing

A Pennsylvania couple who owned a purported Red Bank investment firm that offered specialized financial services for podiatrists have been indicted on state charges of bilking their clients out of more than $500,000, the Star-Ledger is reporting. From the article:...

Slashing sticker prices and throwing in extra amenities, Hovnanian Enterprises reports that its weekend sales push on new housing units nationwide exceeded expectations. Wall Street cheered the report, boosting the battered homebuilder's stock price yesterday. From a report on Bloomberg.com:...

Already struggling against a tide of falling real estate values, Red Bank-based homebuilding giant Hovnanian Enterprises is now, like others in its industry, fighting a rip current brought on by the collapse of the subprime mortgage market. The company reported...

A rumor that billionaire investor Warren Buffett was buying shares of Hovnanian Enterprises lifted the Red Bank-based homebuilder's shares 12 percent last Friday. But so far today, the shares, while up, aren't going nuts. According to BigCharts, the shares were...

Andrew Gennusa was just 21 years old when he and his brother, Jason, founded Manhattan Bagel Co. with a single store in in a Middlesex County strip mall. It turned out to be a the start of a heady ride....

Rumson resident Zuhdi Karagjozi, founder of Kara Homes, has been bounced from the company as part of a reorganization plan, the Asbury Park Press reports today. The name of the company has also been de-Kara-ed. It will now be called...

The pissing match between Wall Street millionaires Pete Dawkins and Mickey Gooch gobbled up another three hours of valuable Monmouth County court time yesterday, according to today's Asbury Park Press. And if the judge was amused, it was largely because...

This one is so astonishing we had to wonder about its veracity. But the background certainly makes it sound plausible. A press release we came across late Wednesday from News-Antique.com claims that a Lincroft coin dealer has sold a rare...

Red Bank-based K. Hovnanian Homes has pulled the plug on a controversial plan to build up to 4,500 homes in Ocean County's Berkeley Township after an adverse court ruling. "We are not going to pursue this," company spokesman Douglas Fenichel...

Contract cancellations like crazy in a particular Florida market are dragging down earnings at Hovnanian Enterprises, officials of the Red Bank-based homebuilding company say. The builder said it expects to take a $90 million hit from writing down the value...

Having "hit kind of a wall" in 2006, Red Bank-based Hovnanian Enterprises is being cautious about 2007, a company executive says in an interview in today's Star-Ledger. J. Larry Sorsby, HOV's chief financial officer, tells the Ledger's Judy DeHaven that...

Hovnanian Enterprises, the publicly-traded homebuilder that last year moved its corporate headquarters to the heart of Red Bank from Middletown, is scaling back its ambitions in the borough, according to a published report. GlobeSt.com, a real estate industry publication, says...

Remember that attempt to flip a house on Madison Avenue we told you about in June? Well, the house remains unsold 18 months after an investor bought it, at the top of the market, for $475,000 $450,000. Sara Swanson, the...

Red Bank-based Hovnanian Enterprises was blindsided by the swift drop in values on its inventoried land, the company acknowledged yesterday in reporting a $115 million fourth-quarter loss. "We did not anticipate the suddenness or magnitude of the fall in pricing...

First Montauk Securities, based on Newman Springs Road in Lincroft, has been hit with a $475,000 fine, and the firm's top two officials have resigned, as part of a settlement of fraud charges brought by the New Jersey Bureau of...

Esquire magazine investing columnist Ken Kurson has planted a big wet one on GFI Group Inc., a Wall Street firm founded, run and majority-owned by Rumson's Mickey Gooch, who co-owns the Two River Times with his wife, Diane Gooch. The...