This investment essay is about WCI Communities (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...
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