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Strategies & Market Trends : Three Amigos Stock Thread

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To: LTK007 who wrote (46)1/20/1998 3:30:00 AM
From: Cary C  Read Replies (1) of 29382
 
Welcome Max90. DHI is very interesting. I like the sales and increase in back log,

biz.yahoo.com

The increase in the quarterly dividend was nice,

biz.yahoo.com

It appears that if the stock price remains above 19.79 then there will be an additional amount of DHI of approx 15.5 million shares of which approx. 6.1 million shares will go into the float. Based on CON revenues and income this should increase the earnings per share accordingly and not hurt the stock price.

It appears interest rates are going to remain low for awhile and should help with new home sales.

I came up with different numbers as far as ownership. I'm showing institutions owning 44.7% with 2 holding the majority and most of the other in fidelities family of funds. The two largest are Fidelity Management & Res with 11.9% and JP Moragn & Co. with 10.3%.

Inside ownership was 24.7% of which 24.4% was owned by Donald Horton Jr. the Chairman of the Board and his relatives with Mr. orton owning most of the shares. The other insider was Scott Stone. Mr Stone still owns 113k shares but has sold 150k+ share in the last year with the most recent being 74k shares in August and October of this year.

Hope some of this helps. Without reading the filings, on the surface I like this company.

Cary
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