MDC Holdings, Inc. (NYSE:MDC)
CAPS Rating:
The Company's business consists of two primary operations, homebuilding and financial services.
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The Company's business consists of two primary operations, homebuilding and financial services.
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The population will continue to grow every year for decades to come - even ignoring demographic shifts we will need more new home construction pretty soon and for the forseeable future. Will MDC survive until that point? With $500m in cash, and losses under control, that seems a fairly safe bet. It's also a safe bet that other players will not, which will work in MDC's favor when the rebound starts.