Long Position on MDC @ $48.50 on 11/24/2020 (Fundamentals)

M.D.C. Holdings, Inc. (MDC), through its subsidiaries, engages in the homebuilding and financial service businesses.

Its homebuilding operations include purchasing finished lots or developing lots for the construction and sale primarily of single-family detached homes to first-time and first-time move-up homebuyers under the Richmond American Homes name.

The company conducts its homebuilding operations in Arizona, California, Nevada, Washington, Oregon, Colorado, Utah, Virginia, Maryland, and Florida.

Its financial services operations comprise originating mortgage loans primarily for homebuyers; providing insurance coverage primarily to its homebuilding subsidiaries and subcontractors for homes sold by its homebuilding subsidiaries, and for work performed in completed subdivisions; acting as a re-insurer on the claims; selling third-party personal property and casualty insurance products to homebuyers; and offering title agency services to homebuilding subsidiaries and customers in Colorado, Florida, Maryland, Nevada, and Virginia.

This stock should see an increase in stock price as it's PE ratio remains strong.

Entry Point: $48.50

Stop Loss: $46.00

Trading Range: $15.75 - $52.50

Target Price: $53.50

Updates

1/20/2021 12:07:56 PM

MDC closed at $52.50

Position closed on 1/20/2021 at price of $52.50 with a 8.25% gain in 57 days.

Back to Portfolio