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Today I sold MDC at 54.25 (pre-split 59.6
..that's a 16% gain in 15 months. I am HUGE!!! I have 33 consecutive profitable trades of 15% or better. I can't lose...I laugh in the face of bear markets...
I'm going to take all these quatloops and go to Vegas next week..smoke cigars, drink 1000 beers watch football all day, eat steakey wakey and play golf. Can you do all that?? You? You?? YOU??
I live what others dream. I am $$$MR. MARKET$$$. Bring me your finest meats and cheeses!
===============================================
$$$MR. MARKET$$$ Loves MDC
by: mr_market63 (42/M)
Long-Term Sentiment: Strong Buy 07/10/02 12:07 pm
Msg: 679 of 825
Home home on the range…where the dear and the antelope playyyyy…There’s no place like home. There’s no place like home. There’s no place like home…Aunty Em! Aunty Em!
Today I bought MDC M.D.C. Holdings at 51.25. I will sell it in 4 – 6 weeks at 59.40. M.D.C. Holdings (MDC) owns and manages subsidiary companies that build and sell homes under the name Richmond American Homes. The company also provides mortgage loans and title agency services primarily to its home buyers.
Here’s why I like MDC:
First of all, what’s not to like? Mortgage rates continue to be near historic lows, with no indication of anything to change in the near term. I owned this puppy back in early 2001 and it is the first stock in my string of 52 consecutive trades.
MDC stock is up 59% over the last 12 months with a P/E of only 9. It’s IBD rating is an A+.
In April, MDC said it closed on 1,674 homes and received orders for 2,776 homes during the first quarter of 2002, and reported a quarter-end backlog of 3,984 homes with a sales value of over $1 billion. The company also announced a definitive agreement to acquire most of the homebuilding assets of W. L. Homes LLC, consisting of over 1,600 lots in Nevada and more than 800 lots in Utah. The acquisition, expected to close in mid-April, would position MDC as one of the top five builders in the Las Vegas market. Oh ho ho Las Vegas!! Bet Bet Bet!!! Gimmeee quatloops! Gimmeee Olympic Gardens!!
Total revenues for the three months ended March 31, 2002, advanced 8.7%, year to year, due to a $33,000 increase in the average selling price of homes closed, favorable construction weather in most markets, and higher mortgage loan origination fees, gains on mortgage loan sales and interest revenues, partly offset by fewer home closings. Total operating expenses rose at a slower rate than revenues, and net income rose 10%, to $32.3 million ($1.16 a share), from $29.3 million ($1.09). In a market where evryone is crying about how to make a buck, MDC is falling over money.
Revenues are up 119% over the last 4 years. Earnings are up over 400% over the same period. Are you kidding me??? Revenue growth rate outpaces the industry as does EPS growth.
Return on Assets is 14%. Return on equity is 27%. Insane!
165 DENVER, July 9 /PRNewswire-FirstCall/ -- M.D.C. Holdings, Inc. (NYSE: MDC; PCX) ( www.RichmondAmerican.com ) today announced the highest second quarter home orders, home closings and quarter-end backlog in the Company's history. The Company received orders for 2,753 homes and 5,529 homes, respectively, during the second quarter and first six months of 2002, compared with orders for 1,973 homes and 4,700 homes, respectively, for the same periods in 2001. The home orders for 2002 included 956 orders received in June, representing a 50% increase from the 638 home orders received in June 2001. Larry A. Mizel, MDC's chairman and chief executive officer, stated, "We are pleased to report our fourth consecutive month of record home orders. These increases in home orders, which are expected to contribute home closings primarily early next year, should further our previously disclosed goal to close more than 10,000 homes and produce record revenues and earnings in 2003."
I guess old Larry is basically telling us that they will destroy their numbers this quarter. All this, and combined with the fact that they pay a dividend, and a P/E of 8.8 means to me that this is a pretty safe investment going forward. But then again, I never thought the All Star game would end in a tie.
I am HUGE!!
Bring me your finest meats and cheeses.
$$$MR. MARKET$$$
..that's a 16% gain in 15 months. I am HUGE!!! I have 33 consecutive profitable trades of 15% or better. I can't lose...I laugh in the face of bear markets...I'm going to take all these quatloops and go to Vegas next week..smoke cigars, drink 1000 beers watch football all day, eat steakey wakey and play golf. Can you do all that?? You? You?? YOU??
I live what others dream. I am $$$MR. MARKET$$$. Bring me your finest meats and cheeses!
===============================================
$$$MR. MARKET$$$ Loves MDC
by: mr_market63 (42/M)
Long-Term Sentiment: Strong Buy 07/10/02 12:07 pm
Msg: 679 of 825
Home home on the range…where the dear and the antelope playyyyy…There’s no place like home. There’s no place like home. There’s no place like home…Aunty Em! Aunty Em!
Today I bought MDC M.D.C. Holdings at 51.25. I will sell it in 4 – 6 weeks at 59.40. M.D.C. Holdings (MDC) owns and manages subsidiary companies that build and sell homes under the name Richmond American Homes. The company also provides mortgage loans and title agency services primarily to its home buyers.
Here’s why I like MDC:
First of all, what’s not to like? Mortgage rates continue to be near historic lows, with no indication of anything to change in the near term. I owned this puppy back in early 2001 and it is the first stock in my string of 52 consecutive trades.
MDC stock is up 59% over the last 12 months with a P/E of only 9. It’s IBD rating is an A+.
In April, MDC said it closed on 1,674 homes and received orders for 2,776 homes during the first quarter of 2002, and reported a quarter-end backlog of 3,984 homes with a sales value of over $1 billion. The company also announced a definitive agreement to acquire most of the homebuilding assets of W. L. Homes LLC, consisting of over 1,600 lots in Nevada and more than 800 lots in Utah. The acquisition, expected to close in mid-April, would position MDC as one of the top five builders in the Las Vegas market. Oh ho ho Las Vegas!! Bet Bet Bet!!! Gimmeee quatloops! Gimmeee Olympic Gardens!!
Total revenues for the three months ended March 31, 2002, advanced 8.7%, year to year, due to a $33,000 increase in the average selling price of homes closed, favorable construction weather in most markets, and higher mortgage loan origination fees, gains on mortgage loan sales and interest revenues, partly offset by fewer home closings. Total operating expenses rose at a slower rate than revenues, and net income rose 10%, to $32.3 million ($1.16 a share), from $29.3 million ($1.09). In a market where evryone is crying about how to make a buck, MDC is falling over money.
Revenues are up 119% over the last 4 years. Earnings are up over 400% over the same period. Are you kidding me??? Revenue growth rate outpaces the industry as does EPS growth.
Return on Assets is 14%. Return on equity is 27%. Insane!
165 DENVER, July 9 /PRNewswire-FirstCall/ -- M.D.C. Holdings, Inc. (NYSE: MDC; PCX) ( www.RichmondAmerican.com ) today announced the highest second quarter home orders, home closings and quarter-end backlog in the Company's history. The Company received orders for 2,753 homes and 5,529 homes, respectively, during the second quarter and first six months of 2002, compared with orders for 1,973 homes and 4,700 homes, respectively, for the same periods in 2001. The home orders for 2002 included 956 orders received in June, representing a 50% increase from the 638 home orders received in June 2001. Larry A. Mizel, MDC's chairman and chief executive officer, stated, "We are pleased to report our fourth consecutive month of record home orders. These increases in home orders, which are expected to contribute home closings primarily early next year, should further our previously disclosed goal to close more than 10,000 homes and produce record revenues and earnings in 2003."
I guess old Larry is basically telling us that they will destroy their numbers this quarter. All this, and combined with the fact that they pay a dividend, and a P/E of 8.8 means to me that this is a pretty safe investment going forward. But then again, I never thought the All Star game would end in a tie.
I am HUGE!!
Bring me your finest meats and cheeses.
$$$MR. MARKET$$$
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