CTON sure looks like a bargain in the .40's. Think I saw it as high as .60 X .65 earlier in the week.
Company recently posted Q3 earnings of .04/share (before 1-time gain) vs. .01/share last year. Backlog rose 31% sequentially to $8,792,000. Great balance sheet with .27/share in CASH. Subtract the cash and we're talking an annualized P/E below 2!
Seems incredibly undervalued even for a homebuilder. They may have lost a few working days due to Wilma, but with that big backlog...should still be looking at another strong showing in Q4. Another .04+/share in Q4 earnings and CTON might be trading at an annualized P/E of 1 net cash!
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