M.I. Homes, Inc. (MHO)
Trading Center
Loading...
Symbols:
MHO Forum Topics
- All Comments on MHO
- General Discussion on MHO
- Homebuilders Try To Ride Tax Credit Wave [Housing Tracker] [view article]
- Homebuilder Update [Housing Tracker] [view article]
- Homebuilders: Scant Good News [Housing Tracker] [view article]
- M/I Homes: Over-Punished by the Markets [view article]
- Looking for Action? S&P 1500 Most Volatile Stocks [view article]
- Bankruptcies and Rating Downgrades For Homebuilders [Housing Tracker] [view article]
- California Municipalities Helping Homebuilders - Housing Tracker [view article]
- If a Homebuilder Fails, Will It Destabilize 'Recovery'? - Housing Tracker [view article]
- Homebuilding Stocks Surge Despite Plunging Sales [view article]
- Homebuilder Performance and Revenue Matrix [view article]
- Q1's Best and Worst Performing Stocks [view article]
- Insider Buying Portends Better Times for Homebuilders? - Housing Market Tracker [view article]
loading ...Recent MHO Articles
- Homebuilder News [Housing Tracker]
- Homebuilders Try To Ride Tax Credit Wave [Housing Tracker]
- Homebuilder Update [Housing Tracker]
- Homebuilder Update [Housing Tracker]
- WCI Fails [Housing Tracker]
- Homebuilders: Scant Good News [Housing Tracker]
- M/I Homes: Over-Punished by the Markets
- Looking for Action? S&P 1500 Most Volatile Stocks
- Bankruptcies and Rating Downgrades For Homebuilders [Housing Tracker]
- California Municipalities Helping Homebuilders - Housing Tracker
- Full List of Articles »
Trading Center
Hedge Fund Jobs
Job Seekers: Search jobs by category, get job alerts by email or live feed, apply online See full list of jobs »
Employers: See all recruitment options, get applications online or by email Post a job »
Homebuilders Try To Ride Tax Credit Wave [Housing Tracker] [view article]
But seriously , if you can get yields of 8.5% I'd say you have to be doing something right... ReplyHomebuilders Try To Ride Tax Credit Wave [Housing Tracker] [view article]
There's an argument to get into. What is a reasonable compensation for a CEO? ReplyHomebuilders Try To Ride Tax Credit Wave [Housing Tracker] [view article]
Two years ago I was doing research on homebuilder stocks. Here are some of the things I learned:1. Many CEO's earned over One Million dollars a year AND were given other benefits like stock options.
2. None of them paid dividends with a yield over 7%.
3. The price to book ratios were too high. Some as high as 4.
4. Some had too much debt...debt to equity ratios over 2.5.
5. All CEO's were very optimistic about sales for 2006, 7, 8 and 9.
At the same time I watched TV shows saying "let us teach you how to make a fortune in real estate." or house flipping will make you 100% profits in 5 months...etc., etc.
Now the new speculators are the bottom feeders.
I don't understand how we have so many people who are general screwups.
A pipeline company I bought at that time had an annual yield of 7.2%, total debt to equity ratio of less than 1., Price to book ratio of 1.2, very reasonable CEO compensation, moved other people's products from Canada to the US., good assets and was profitable.
All of the above ratios are similar today but my yield is now 8.5%.
I wish all of my investments had good management like TCLP.
Long TCLP...which has Transcanada as the GP. Reply
Homebuilders Try To Ride Tax Credit Wave [Housing Tracker] [view article]
Home builders stubbornly keep hoping that gimmicks will offset the mess they created. When are they going to learn?1) Stop building
2) Lower prices Reply
Homebuilders Try To Ride Tax Credit Wave [Housing Tracker] [view article]
If you have to give a tax credit to incentivize someone to buy a house, what the market is telling us is prices are still too high.As Gato pointed out, the tax credit is really an interest free loan. There's a handy, free online directory of the new housing law where you can read or print out a few pages found at
ushousingmeltdown.org/...
The tax credit for first time home buyers is found on pages 628-637.
Reply
Homebuilders Try To Ride Tax Credit Wave [Housing Tracker] [view article]
The $7,500 dollar gov. tax "credit" is only temporary..the so called "credit" is really a loan, to first time home buyers..It has to be paid back. So calling it "a tex credit"..is only another "marketing come on tag" for the uninformed.Reply
Homebuilder Update [Housing Tracker] [view article]
whats with lennar? ReplyHomebuilders: Scant Good News [Housing Tracker] [view article]
Hi Judy,Redux to my previous comment, and it's my pleasure to give you proper credit for this compilation:
When I said "Northern NV market," I was referring to Reno/Sparks. Carson City is considered part of the Northern NV market by most national surveying outfits, because it's only 30 miles south of Reno. In truth, Carson City residents consider themselves a separate community, even though there's some commuter traffic between Carson and Reno.
Right now there's construction on a freeway extension that will speed up the commute significantly. The interesting thing about the freeway extension is that it was first proposed fully 30 years ago. It may be completed by 2010, at a cost nearly triple the first set of bids. Such is the nature of NV road construction! Reply
Homebuilders: Scant Good News [Housing Tracker] [view article]
Anyone want to buy Lennar stock. Wait a few months and buy it below $10 a share. ReplySA Editor
Homebuilders: Scant Good News [Housing Tracker] [view article]
Thanks, Bill! ReplyHomebuilders: Scant Good News [Housing Tracker] [view article]
Hi Judy,Excellent compilation, and thanks for including the story about Carson City land. The state capital was swept up in the boom as well, and now land has gone begging for buyers.
The owner of the property you mentioned also has huge land exposure in the Central Valley of California, from Sacramento to Bakersfield. Some of the subsidiaries have experienced foreclosures on land purchased in 2004 and 2005. The holding company also has exposure in the Northern NV market.
Excellent reporting as usual. Thanks! Reply
Homebuilders: Scant Good News [Housing Tracker] [view article]
Comparing the market volatility to the sevenities and eighties, we now experience more in one hour than one month twenty plus years ago. The manipulators and day traders aided by looser SEC regulations and/or supervision/review of trading, the rich (plus a lot of foreigners) are taking the investment wealth from the middle class Americans who already have lost considerable real estate wealth.July 22 was a banner example of Wachovia annoucing bad results
and that day not of WB but many of the major bank stocks saw
incredible recoveries in stock pricing. HOW and WHY? Reply
Homebuilders: Scant Good News [Housing Tracker] [view article]
Wonderful source material data. Alpha strikes again! And a fast read to boot. With no pretense. Love this kind of raw data presentation with no pretense. Replyis so rigged
M/I Homes: Over-Punished by the Markets [view article]
My belief is that there is zero value in the common. The bond holders and pref-A will most likely get all their money back. I, however, will cover between $3-5 per share; because this stock is so lightly traded - heavily shorted - and easily manipulated upward. If the stock hits $20 again - I'll short more.Incidentally, I just paid the dividend yesterday (for ex-div 6/27). What a bargain for the shorts! Reply
M/I Homes: Over-Punished by the Markets [view article]
Hi Game,I don't actually own the stock, but if you have shorted it down since 40 you have done well. How low do you expect it to go?
You're right they pumped up book value with pref shares, but I subtracted them in the article for the purpose of calculating common shares. Reply