I have been looking at the home builders market and this company raised my curiosity with a P/E of under 3 seemingly smashing it out of the park in the latest quarter. Thier 10-Q reports a Q2 EPS of $4.45, up from $0.04 in Q1 and -$0.2 in Q2 2015.
I’ll have to give it a deeper analysis on the weekend because the numbers just don’t make sense to me at the first glance. Is there anybody else that looked into it before?
That big gain was an accounting item for tax loss carry forwards.
Tho they did have a good second quarter.
I was in it and stepped out after a quick run up to 15,
still have a lot of LGIH…lower PE and more predictable maybe.
actual AVHI non-GAAP PE is around 30. (I can almost hear Saul lauding the merits of non-GAAP…)
I agree with JT that I like LGIH better at this point, but I do like AVHI’s target market of building over age 55 active adult communities in the retirement meccas of Florida, Arizona and the Carolinas.
Timing seems good for the aging baby boomer population.
One to watch for a potential good entry point in the future.
I do like AVHI’s target market of building over age 55 active adult communities in the retirement meccas
Bought my old fart second home in '98, to beat the rush.
Believe me there is no shortage of these developments.
I remember reading that AVHI does not do golf course centered communities
which will put them at somewhat of a disadvantage to most of the others.
JT ~ 1952 boomer
Their 10-Q reports a Q2 EPS of $4.45, up from $0.04 in Q1 and -$0.2 in Q2 2015.
Hi Stenlis, without even looking at anything I would bet those are GAAP results you are looking at, and that’s why they don’t make sense. Maybe they got a big tax credit, or sold their headquarters building, or settled a lawsuit.
Oops, I should have looked ahead. Others got there before me.