Bullseye Investor
Short-term horizon

WCI Communities: Florida Real Estate Play With 50% Upside Potential

This investment essay is about WCI Communities (NYSE:WCIC). WCIC is a lifestyle community developer and luxury homebuilder of single-and multi-family homes in Florida. This article discusses the fundamental strength of WCI and its exposure to the Florida housing market that is in the early stages of a recovery.

What Are The Key Investment Highlights of WCIC?

Attractive and well-located land positions to support future growth: WCIC has a portfolio of well-located existing land inventory in Florida. It owns or controls ~ 8,300 home sites, which are recorded on the books at current fair market value post restructuring in September 2009. These prices are near the U.S. housing markets cyclical low. WCIC owns or controls the home sites for...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details