"When life hands you lemons, make lemonade."
Just about two months ago I flagged MDC Holdings (MDC) as an attractive short-term investment opportunity with the catalyst being analyst expectations that were woefully under what the company would deliver for its Q1 2013 earnings. The call turned out to be spot on. With the stock trading at ~$32 a share when I last wrote about MDC, the stock made a quick 20% run higher culminating with an earnings beat pushing the stock above $39. Specifically, I estimated that MDC would earn between $.36 and $.53c per share against the consensus analyst estimate of $.25c a share. The company ended up turning in earnings of $.46c a share....
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