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Tarragon posts $3.59 million December net loss, revenues slide
By Caroline Salls
Pittsburgh, Feb. 1 - Tarragon Corp. reported a $3.59 million net loss for December on $6,796 in total revenues, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the District of New Jersey.
In comparison, the company posted a $3.19 million net loss for November on $2.92 million in total revenues.
Tarragon had $3.14 million in cash and cash equivalents at Dec. 31, up from $1.82 million at the end of November.
Tarragon, a New York homebuilder, filed for bankruptcy on Jan. 12, 2009. Its Chapter 11 case number is 09-10555.
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