PHOENIX STOCKS FORTRESS GROUP (NASDAQ National Market: FRTG) Web site: http://www.fortressgroup.com Latest price: $2
Take a look at FORTRESS GROUP (NASDAQ National Market: FRTG). Annual revenues are over $700 million, yet the market capitalization of this award winning, national homebuilding company is under $7 million.
Earnings per share for the last 12 months were $2.12 putting FORTRESS GROUP on a PE ratio of less than 1. Book value is shown at $25.98 per share with cash alone comprising $2.40 a share.
Check it out (in particular the Company’s SEC filings at http://www.sec.gov), but an average industry PE ratio of 15.74 would put FRTG at $33.36, whilst an average industry price to sales ratio of 1.32 would put this stock at over $262.
HOUSING STARTS JUMP 2.2 PERCENT IN NOVEMBER
WASHINGTON (Reuters) - Led by a surge in new residential construction in the U.S. West, building starts on new homes and apartments rose in November as mortgage rates across the country slid, the government said on Wednesday.
Housing starts jumped 2.2 percent last month to a seasonally adjusted annual rate of 1.562 million after posting a 0.6 percent decline in October, the Commerce Department said. Starts in November were at their highest level since June, when they reached 1.571 million.
The figure was much higher than estimates from Wall Street economists who, on average, had figured housing starts totaled 1.536 million last month.
Permits for new housing projects across the United States rose 2.6 percent last month to a seasonally adjusted annual 1.586 million after posting an 1.8 percent increase in October. The permit figure was above analysts' estimates for 1.529 million.
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