According to Yahoo quotes, the market cap of this company has reached $123 million based on todays' closing price of $.25.
I dont know if we can compare it with Kaufman and Broad, a national builder of medium to high end homes. Kaufman and Broad (KBH - NYSE) had earnings of $3.08 per share, P/E ratio of a low 5.93 and a market cap of $876.0 Million dollars. Price per share is $18 approx.
That makes ARET approaching a valuation of 15% of that of KBH.
Is ARET worth less or more than 15% of KBH?
Any ideas are welcome!!
p.s. The following is the nature of KBH business:
Friday March 3, 3:25 pm Eastern Time
Company Press Release
SOURCE: Kaufman and Broad Home Corporation
Kaufman and Broad Preliminary February And First Quarter 2000 Unit Net
Orders
LOS ANGELES, March 3 /PRNewswire/ -- Kaufman and Broad Home Corporation (NYSE: KBH - news) today released preliminary unit net orders for
the month of February 2000 and the First Quarter 2000.
Feb. 2000 Feb. 00/99 Qtr. 1 '00 Qtr. 1 '00/99
Unit Net Unit % Unit Net Unit %
Orders Change Orders Change
California 707 -25.6% 1,341 -14.7%
Other U.S. 2,046 6.0 3,535 .6
Total U.S. 2,753 -4.4 4,876 -4.1
Foreign 277 -2.8 558 4.3
Total Company 3,030 -4.3% 5,434 -3.3%
Kaufman and Broad Home Corporation is the largest homebuilder in the United States based on the number of homes delivered. Headquartered in Los
Angeles, the company has operating divisions in Arizona, California, Colorado, Nevada, New Mexico and Texas and is also one of the largest
homebuilders in France. |
