Monday, February 20, 2006 1:30:49 PM
Gilead, Re: CTON,
I posted recently about CTON recently in case you missed it (#35700). I followed their 10Q's quarter by quarter and "backlog" can only mean new contracts signed with customers but not yet completed and closed with title transferred. I don't see how the fact that they have the same number of sites available for sale can be any more than a coincidence but it would certainly not hurt to doublecheck with the company. Based on their siteplans on their website, there is also another homesite that changed to sold in the last week (Lot 96 at Pointe West). So, their website indicates that 3 lots have changed from "for sale" to sold in the last 3 weeks. It appears that the Real Estate market is still alive and well in Vero Beach FL.
In their last 10K, they indicated that the construction period ranges between 120 and 300 days depending on the complexity of the home. One also needs to allow time to obtain permits before starting construction which probably runs about 30-60 days.
Thanks for the link to the rainfall stats in their area. I noticed that typically it rains hard for a day or two and then they have several days with little or no precip. In October, the wettest month that you noted, two/thirds of that rain fell in one day (maybe that was the day the hurricane blew through). Hopefully that wouldn't cause too many construction delays.
OT- I see you show blackjack as one of your hobbies on your profile along with comments about managing risks to your advantage. I'll wager you are a card-counter. I've been counting cards myself for years using Wong's halves count although I have slowed down myself as several of my favorite casinos with good games have told me no more blackjack. I suspect that there are more VMers who also count cards as both endeavors are similiar in respect that it helps to be analytical and quick with numbers. Also the players in both are willing to take rather substantial risks in the quest for superior returns. The stock market is closed today, so maybe I'll venture out and see if I can find a good 21 game somewhere.
I posted recently about CTON recently in case you missed it (#35700). I followed their 10Q's quarter by quarter and "backlog" can only mean new contracts signed with customers but not yet completed and closed with title transferred. I don't see how the fact that they have the same number of sites available for sale can be any more than a coincidence but it would certainly not hurt to doublecheck with the company. Based on their siteplans on their website, there is also another homesite that changed to sold in the last week (Lot 96 at Pointe West). So, their website indicates that 3 lots have changed from "for sale" to sold in the last 3 weeks. It appears that the Real Estate market is still alive and well in Vero Beach FL.
In their last 10K, they indicated that the construction period ranges between 120 and 300 days depending on the complexity of the home. One also needs to allow time to obtain permits before starting construction which probably runs about 30-60 days.
Thanks for the link to the rainfall stats in their area. I noticed that typically it rains hard for a day or two and then they have several days with little or no precip. In October, the wettest month that you noted, two/thirds of that rain fell in one day (maybe that was the day the hurricane blew through). Hopefully that wouldn't cause too many construction delays.
OT- I see you show blackjack as one of your hobbies on your profile along with comments about managing risks to your advantage. I'll wager you are a card-counter. I've been counting cards myself for years using Wong's halves count although I have slowed down myself as several of my favorite casinos with good games have told me no more blackjack. I suspect that there are more VMers who also count cards as both endeavors are similiar in respect that it helps to be analytical and quick with numbers. Also the players in both are willing to take rather substantial risks in the quest for superior returns. The stock market is closed today, so maybe I'll venture out and see if I can find a good 21 game somewhere.
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