CTON- The attraction is in the 10Qs. Someone apparently forgot to tell the people buying their homes that the RE market softened based on the increase in the number of people ordering CTON homes lately.
In Q1, CTON sold one home, in Q2 they sold 9 homes and in Q3, they sold 10 homes. Those orders are not counted as sales until the homes are built and title is transferred to the buyer. Last quarter, the company earned 4c (before non-recurring items) when they delivered 6 homes. That left them with a backlog of 15 homes to be delivered. I'll guess they closed anywhere from 6-8 homes last quarter which will translate to good numbers. New sales are also continuing at a good clip as well. It appears from recent changes in their website siteplans that 3 more homes were ordered in the last 3 weeks alone. Yes, they also have a tough comp from Q4 a year ago when they earned 4c. But I think they will beat that number with 5-7c. We shall see.
