MHO reported very strong numbers for Q4. This homebuilder reported adj. eps of $2.95, more than double a year ago and well above analyst estimates of $2.42. New contracts were up 39% and backlog hit a record level. Book value was up 25% to $44/share.
The market reacted by sending the stock down 5% in early trading. I don't see why and added more shares at 46.62.They earned $8.23 for the year which is a trailing PE of only 5.7. They are looking for a strong year ahead but have not yet provided guidance.
MDC also came out with very strong earnings and that stock is also down about 2%. They earned $2.19 for the quarter, beating by 46c.
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