The company's residential community development activities include the development of active adult and primary residential communities, as well as the development of a condominium in Hollywood and Palm Beach County.
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Man did these guys just pick a crapola time to come to market. SoCal and Florida are just horrid horrid housing markets right now. Housing closes fell dramatically in their most recent quarter, falling 51%. Earnings dropped 81% to just 55 cents a share and they made it seem very clear that they expect these conditions to persist. The whole housing market is terrible right now which we already know, but how in the hell is this still being valued above $50 I'll never know! Technically a trainwreck.
Nero
Sagetrade