{"id":21035,"date":"2014-01-18T13:46:15","date_gmt":"2014-01-18T21:46:15","guid":{"rendered":"http:\/\/drduru.com\/onetwentytwo\/?p=21035"},"modified":"2014-02-07T21:58:28","modified_gmt":"2014-02-08T05:58:28","slug":"meritage-supersizes-its-warchest-on-the-heels-of-another-outstanding-quarter","status":"publish","type":"post","link":"https:\/\/drduru.com\/onetwentytwo\/2014\/01\/18\/meritage-supersizes-its-warchest-on-the-heels-of-another-outstanding-quarter\/","title":{"rendered":"Meritage Supersizes Its Warchest On the Heels of Another Outstanding Quarter"},"content":{"rendered":"

(This is an excerpt from an article I originally published on Seeking Alpha on January 12, 2014. Click here to read the entire piece<\/a>.)<\/strong><\/p>\n

Meritage Homes (MTH) rolled out a series of announcements last week culminating in the pricing of 2.2M shares in a common stock offering at $45.75\/share<\/a>. With net proceeds of $95.9M, this offering should increase cash and cash equivalents on the balance sheet<\/a> by 56%. MTH announced that it will use this offering for “…working capital, potential expansion into new markets and\/or expansion of existing markets, including the possible acquisition of other homebuilders or assets, and general corporate purposes.” Given that several fellow homebuilders aggressively continue to buy land and acquire choice builders<\/a>, I strongly suspect that MTH is positioning itself to better compete in those arenas. This activity is more confirmation that builders expect solid performance in 2014 and 2015.<\/p>\n

{snip}<\/p>\n


\n
\"Meritage<\/a>
Meritage remains stuck in a wide trading range<\/figcaption><\/figure>
\nSource: FreeStockCharts.com<\/a><\/strong>
\n<\/center><\/p>\n

MTH remains one of the least shorted of the homebuilders. Shares short are only 3.7% of float<\/a>. Shares short<\/a> were as high as 2M a year ago and last spring. Shorts cut that amount in half, standing at 1.0M as of December 13, 2013.<\/p>\n


\n
\"Bears<\/a>
Bears have significantly backed off Meritage over the past year<\/figcaption><\/figure>
\nSource: NASDAQ short interest<\/a><\/strong>
\n<\/center><\/p>\n

Be careful out there!<\/p>\n

(This is an excerpt from an article I originally published on Seeking Alpha on January 12, 2014. Click here to read the entire piece<\/a>.)<\/strong><\/p>\n

Full disclosure: no position<\/p>\n","protected":false},"excerpt":{"rendered":"

(This is an excerpt from an article I originally published on Seeking Alpha on January 12, 2014. Click here to read the entire piece.) Meritage Homes (MTH) rolled out a series of announcements last week culminating in the pricing of 2.2M shares in a common stock offering at $45.75\/share. With net proceeds of $95.9M, this … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[220,35],"tags":[1593,891,892,419],"class_list":["post-21035","post","type-post","status-publish","format-standard","hentry","category-earnings","category-housing","tag-housing","tag-meritage-homes-corporation","tag-mth","tag-short-interest"],"yoast_head":"\nMeritage Supersizes Its Warchest On the Heels of Another Outstanding Quarter - ONE-TWENTY TWO: Trading Financial Markets<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/drduru.com\/onetwentytwo\/2014\/01\/18\/meritage-supersizes-its-warchest-on-the-heels-of-another-outstanding-quarter\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Meritage Supersizes Its Warchest On the Heels of Another Outstanding Quarter - ONE-TWENTY TWO: Trading Financial Markets\" \/>\n<meta property=\"og:description\" content=\"(This is an excerpt from an article I originally published on Seeking Alpha on January 12, 2014. Click here to read the entire piece.) Meritage Homes (MTH) rolled out a series of announcements last week culminating in the pricing of 2.2M shares in a common stock offering at $45.75\/share. With net proceeds of $95.9M, this ... Read more\" \/>\n<meta property=\"og:url\" content=\"https:\/\/drduru.com\/onetwentytwo\/2014\/01\/18\/meritage-supersizes-its-warchest-on-the-heels-of-another-outstanding-quarter\/\" \/>\n<meta property=\"og:site_name\" content=\"ONE-TWENTY TWO: Trading Financial Markets\" \/>\n<meta property=\"article:published_time\" content=\"2014-01-18T21:46:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2014-02-08T05:58:28+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140110_MTH.png\" \/>\n<meta name=\"author\" content=\"Dr. Duru\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@drduru\" \/>\n<meta name=\"twitter:site\" content=\"@drduru\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Dr. Duru\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2014\\\/01\\\/18\\\/meritage-supersizes-its-warchest-on-the-heels-of-another-outstanding-quarter\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2014\\\/01\\\/18\\\/meritage-supersizes-its-warchest-on-the-heels-of-another-outstanding-quarter\\\/\"},\"author\":{\"name\":\"Dr. Duru\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\"},\"headline\":\"Meritage Supersizes Its Warchest On the Heels of Another Outstanding Quarter\",\"datePublished\":\"2014-01-18T21:46:15+00:00\",\"dateModified\":\"2014-02-08T05:58:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2014\\\/01\\\/18\\\/meritage-supersizes-its-warchest-on-the-heels-of-another-outstanding-quarter\\\/\"},\"wordCount\":262,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\"},\"image\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2014\\\/01\\\/18\\\/meritage-supersizes-its-warchest-on-the-heels-of-another-outstanding-quarter\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2014\\\/01\\\/140110_MTH.png\",\"keywords\":[\"Housing\",\"Meritage Homes Corporation\",\"MTH\",\"short interest\"],\"articleSection\":[\"Earnings\",\"Housing\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2014\\\/01\\\/18\\\/meritage-supersizes-its-warchest-on-the-heels-of-another-outstanding-quarter\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2014\\\/01\\\/18\\\/meritage-supersizes-its-warchest-on-the-heels-of-another-outstanding-quarter\\\/\",\"url\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2014\\\/01\\\/18\\\/meritage-supersizes-its-warchest-on-the-heels-of-another-outstanding-quarter\\\/\",\"name\":\"Meritage Supersizes Its Warchest On the Heels of Another Outstanding Quarter - ONE-TWENTY TWO: Trading Financial Markets\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2014\\\/01\\\/18\\\/meritage-supersizes-its-warchest-on-the-heels-of-another-outstanding-quarter\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2014\\\/01\\\/18\\\/meritage-supersizes-its-warchest-on-the-heels-of-another-outstanding-quarter\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2014\\\/01\\\/140110_MTH.png\",\"datePublished\":\"2014-01-18T21:46:15+00:00\",\"dateModified\":\"2014-02-08T05:58:28+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2014\\\/01\\\/18\\\/meritage-supersizes-its-warchest-on-the-heels-of-another-outstanding-quarter\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2014\\\/01\\\/18\\\/meritage-supersizes-its-warchest-on-the-heels-of-another-outstanding-quarter\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2014\\\/01\\\/18\\\/meritage-supersizes-its-warchest-on-the-heels-of-another-outstanding-quarter\\\/#primaryimage\",\"url\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2014\\\/01\\\/140110_MTH.png\",\"contentUrl\":\"http:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2014\\\/01\\\/140110_MTH.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/2014\\\/01\\\/18\\\/meritage-supersizes-its-warchest-on-the-heels-of-another-outstanding-quarter\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Meritage Supersizes Its Warchest On the Heels of Another Outstanding Quarter\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#website\",\"url\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/\",\"name\":\"ONE-TWENTY TWO: Trading Financial Markets\",\"description\":\"Exploring the poetry in financial markets for students of money and economy since the year 2000.\",\"publisher\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":[\"Person\",\"Organization\"],\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/#\\\/schema\\\/person\\\/d9569fde6c701b021a8d958f775be9a0\",\"name\":\"Dr. Duru\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/cropped-masthead-header.jpg\",\"url\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/cropped-masthead-header.jpg\",\"contentUrl\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/cropped-masthead-header.jpg\",\"width\":900,\"height\":100,\"caption\":\"Dr. Duru\"},\"logo\":{\"@id\":\"https:\\\/\\\/drduru.com\\\/onetwentytwo\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/cropped-masthead-header.jpg\"},\"sameAs\":[\"http:\\\/\\\/www.drduru.com\\\/onetwentytwo\",\"https:\\\/\\\/www.instagram.com\\\/drduru_market_breadth\\\/\",\"https:\\\/\\\/x.com\\\/drduru\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Meritage Supersizes Its Warchest On the Heels of Another Outstanding Quarter - ONE-TWENTY TWO: Trading Financial Markets","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/drduru.com\/onetwentytwo\/2014\/01\/18\/meritage-supersizes-its-warchest-on-the-heels-of-another-outstanding-quarter\/","og_locale":"en_US","og_type":"article","og_title":"Meritage Supersizes Its Warchest On the Heels of Another Outstanding Quarter - ONE-TWENTY TWO: Trading Financial Markets","og_description":"(This is an excerpt from an article I originally published on Seeking Alpha on January 12, 2014. Click here to read the entire piece.) Meritage Homes (MTH) rolled out a series of announcements last week culminating in the pricing of 2.2M shares in a common stock offering at $45.75\/share. With net proceeds of $95.9M, this ... Read more","og_url":"https:\/\/drduru.com\/onetwentytwo\/2014\/01\/18\/meritage-supersizes-its-warchest-on-the-heels-of-another-outstanding-quarter\/","og_site_name":"ONE-TWENTY TWO: Trading Financial Markets","article_published_time":"2014-01-18T21:46:15+00:00","article_modified_time":"2014-02-08T05:58:28+00:00","og_image":[{"url":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140110_MTH.png","type":"","width":"","height":""}],"author":"Dr. Duru","twitter_card":"summary_large_image","twitter_creator":"@drduru","twitter_site":"@drduru","twitter_misc":{"Written by":"Dr. Duru","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/drduru.com\/onetwentytwo\/2014\/01\/18\/meritage-supersizes-its-warchest-on-the-heels-of-another-outstanding-quarter\/#article","isPartOf":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2014\/01\/18\/meritage-supersizes-its-warchest-on-the-heels-of-another-outstanding-quarter\/"},"author":{"name":"Dr. Duru","@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0"},"headline":"Meritage Supersizes Its Warchest On the Heels of Another Outstanding Quarter","datePublished":"2014-01-18T21:46:15+00:00","dateModified":"2014-02-08T05:58:28+00:00","mainEntityOfPage":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2014\/01\/18\/meritage-supersizes-its-warchest-on-the-heels-of-another-outstanding-quarter\/"},"wordCount":262,"commentCount":0,"publisher":{"@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0"},"image":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2014\/01\/18\/meritage-supersizes-its-warchest-on-the-heels-of-another-outstanding-quarter\/#primaryimage"},"thumbnailUrl":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140110_MTH.png","keywords":["Housing","Meritage Homes Corporation","MTH","short interest"],"articleSection":["Earnings","Housing"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/drduru.com\/onetwentytwo\/2014\/01\/18\/meritage-supersizes-its-warchest-on-the-heels-of-another-outstanding-quarter\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/drduru.com\/onetwentytwo\/2014\/01\/18\/meritage-supersizes-its-warchest-on-the-heels-of-another-outstanding-quarter\/","url":"https:\/\/drduru.com\/onetwentytwo\/2014\/01\/18\/meritage-supersizes-its-warchest-on-the-heels-of-another-outstanding-quarter\/","name":"Meritage Supersizes Its Warchest On the Heels of Another Outstanding Quarter - ONE-TWENTY TWO: Trading Financial Markets","isPartOf":{"@id":"https:\/\/drduru.com\/onetwentytwo\/#website"},"primaryImageOfPage":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2014\/01\/18\/meritage-supersizes-its-warchest-on-the-heels-of-another-outstanding-quarter\/#primaryimage"},"image":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2014\/01\/18\/meritage-supersizes-its-warchest-on-the-heels-of-another-outstanding-quarter\/#primaryimage"},"thumbnailUrl":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140110_MTH.png","datePublished":"2014-01-18T21:46:15+00:00","dateModified":"2014-02-08T05:58:28+00:00","breadcrumb":{"@id":"https:\/\/drduru.com\/onetwentytwo\/2014\/01\/18\/meritage-supersizes-its-warchest-on-the-heels-of-another-outstanding-quarter\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/drduru.com\/onetwentytwo\/2014\/01\/18\/meritage-supersizes-its-warchest-on-the-heels-of-another-outstanding-quarter\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/drduru.com\/onetwentytwo\/2014\/01\/18\/meritage-supersizes-its-warchest-on-the-heels-of-another-outstanding-quarter\/#primaryimage","url":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140110_MTH.png","contentUrl":"http:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2014\/01\/140110_MTH.png"},{"@type":"BreadcrumbList","@id":"https:\/\/drduru.com\/onetwentytwo\/2014\/01\/18\/meritage-supersizes-its-warchest-on-the-heels-of-another-outstanding-quarter\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/drduru.com\/onetwentytwo\/"},{"@type":"ListItem","position":2,"name":"Meritage Supersizes Its Warchest On the Heels of Another Outstanding Quarter"}]},{"@type":"WebSite","@id":"https:\/\/drduru.com\/onetwentytwo\/#website","url":"https:\/\/drduru.com\/onetwentytwo\/","name":"ONE-TWENTY TWO: Trading Financial Markets","description":"Exploring the poetry in financial markets for students of money and economy since the year 2000.","publisher":{"@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/drduru.com\/onetwentytwo\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":["Person","Organization"],"@id":"https:\/\/drduru.com\/onetwentytwo\/#\/schema\/person\/d9569fde6c701b021a8d958f775be9a0","name":"Dr. Duru","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/09\/cropped-masthead-header.jpg","url":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/09\/cropped-masthead-header.jpg","contentUrl":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/09\/cropped-masthead-header.jpg","width":900,"height":100,"caption":"Dr. Duru"},"logo":{"@id":"https:\/\/drduru.com\/onetwentytwo\/wp-content\/uploads\/2018\/09\/cropped-masthead-header.jpg"},"sameAs":["http:\/\/www.drduru.com\/onetwentytwo","https:\/\/www.instagram.com\/drduru_market_breadth\/","https:\/\/x.com\/drduru"]}]}},"_links":{"self":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts\/21035","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/comments?post=21035"}],"version-history":[{"count":6,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts\/21035\/revisions"}],"predecessor-version":[{"id":21495,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/posts\/21035\/revisions\/21495"}],"wp:attachment":[{"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/media?parent=21035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/categories?post=21035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/drduru.com\/onetwentytwo\/wp-json\/wp\/v2\/tags?post=21035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}