I have been following this stock for quite a while. I was in earlier on it and now getting ready to go all in. This one is a little bit “dicey” but I have a gut feeling they are about to explode. It seems like something is in the works, whether a buy out or merger I really don’t know. I think this one has the potential to go up over $1.50 a share very quickly if that happens.

More info about them.

Tarragon Corporation (Tarragon) is a real estate developer, owner, and manager in the real estate industry. Tarragon operates two divisions, a real estate development division (the Development Division) and an investment division (the Investment Division). The Development Division focuses on developing, renovating, building and marketing homes in high-density, urban locations and in master-planned communities. The Investment Division owns and operates a portfolio of stabilized rental apartment communities located in Alabama, Connecticut, Florida, New Jersey, Texas, Rhode Island, Tennessee, Maryland, Oklahoma, Michigan, and Georgia. During the year ended December 31, 2007, the Company delivered 2,343 homes. Tarragon had 16 residential for-sale communities with 1,432 homes or home sites in inventory or under development in five states; eight rental communities with 1,969 units under development, and 13 communities with 2,398 units in its development pipeline.

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