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Non-Tech
D R Horton, Inc -- DHI
An SI Board Since July 1998
Posts SubjectMarks Bans Symbol
208 7 0 DHI
Emcee:  James Wright Type:  Unmoderated
Introduction Market Data Compact
D R Horton builds single family, detached houses in 21 states. Over the last year, it has experienced accelerated earnings growth which, by all accounts, will continue for the foreseeable future. For example:

June 97 EPS = .26 verses year ago .23 (13% increase)
Sept 97 EPS = .34 verses year ago .29 (17% increase)
Dec 97 EPS = .28 verses year ago .21 (33% increase)
Mar 98 EPS = .31 verses year ago .20 (55% increase)

Analysists are projecting an EPS for the quarter ending June 98 at .42, which is a wopping 62% increase over last year's EPS of .26! DHI confirmed in a recent article that it is "EXTREMELY" comfortable (emphasis in original) with its future earnings. In fact, DHI just reported that contracts for the most recent quarter were up 41% over the year ago quarter, and the value of those contracts were up over 50%. Yet DHI's PE is a very low 19 given its high earnings growth. (The total earnings for the fiscal year ending Sept. 1998 are estimated at 1.51, which would give a PE of just 15 at DHI's current price.)

The home building sector is becoming very hot as a number of builders are showing blow out earnings in excess of expectations. The group relative strength has grown to 86%, and DHI looks to be adding to that trend.

DHI has nearly no debt (unlike many other home builders). It has a float of 32.2 million, and 26% of those shares are owned by mutual funds.

IBD currently gives DHI a RS rank of 88, and an EPS rank of 94. DHI's stock has been on a steady climb from a low of around 17 in late May to today's close of over 23. There likely will be some resistance at 24 due to prior overhead, but once DHI clears 24 it should have clear sailing. Also, short interest is at 17% days, which suggests there will be a short squeeze as the price continues to climb. Great news for longs!

Earnings are expected July 21st.

-- Jim
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208D.R. Horton Inc. (DHI) posted a 39% drop in fiscal fourth-quarter net orders as Jim Oravetz-10/16/2007
207D.R. Horton to Report Third-Quarter Loss By MIKE BARRIS July 10, 2007 8:09 a.m. Jim Oravetz-7/10/2007
206Home Builder DHI Posts 37% Drop in Orders By MICHAEL CORKERY and JONATHAN VUOCOLJim Oravetz-4/10/2007
205New Home Sales Drop Unexpectedly By JEFF BATER March 26, 2007 11:33 a.m. WASHINJim Oravetz-3/26/2007
204Existing-Home Sales Post Larger-Than-Expected Rise By JEFF BATER WSJ March 23, 2Jim Oravetz-3/23/2007
203SemiOT:Vacant Homes For Sale Cloud Economic Hopes Data Pointing to GlutAre WorstJim Oravetz-2/5/2007
202REPEAT: Citigroup Says It's Time To Buy US Home Builders December 6, 2006 1:Jim Oravetz-12/8/2006
201SemiOT:More Borrowers With Risky Loans Are Falling Behind Subprime Mortgages SurJim Oravetz-12/5/2006
200New Home-Building Activity Falls to Lowest Level in 6 Years By JEFF BATER WSJ NoJim Oravetz-11/17/2006
199Homebuilding -- Profit Taking We are taking 1pcyhuang-11/2/2006
198Existing-Home Sales Declined In September Despite Price Drop By JEFF BATER OctobJim Oravetz-10/25/2006
197Existing-Home Sales Dropped 4.1% In July to Lowest Level Since 2004 A WALL STREJim Oravetz-8/23/2006
196S Calif Housing Mkt Could Pull Homebuilders To New Lows DOW JONES NEWSWIRES AuguJim Oravetz-8/22/2006
195Short Selling In Home-Building Stocks Rises In Past Month July 25, 2006 2:45 p.mJim Oravetz-7/26/2006
194Existing-Home Sales Drop 1.3% As Inventories Rise Sharply A WALL STREET JOURNALJim Oravetz-7/25/2006
193D.R. Horton Doesn't See Housing Rebound For 3-4 Quarters July 20, 2006 12:37Jim Oravetz-7/20/2006
192<i>This may be a good time to build a portfolio in this sector</i> Constant Reader-7/16/2006
191A glance of leading homebuilding stocks: stockcharts.com|B|K14 This may be a gpcyhuang-7/14/2006
190Homebldr Shrs Drop On Horton News, Analyst Report July 14, 2006 12:39 p.m. By JaJim Oravetz-7/14/2006
189Doing Your Homework To Find a Solid Builder Views on Earnings Differ As Market Jim Oravetz-5/3/2006
188New-Home Sales Dropped By 10.5% During February A WALL STREET JOURNAL ONLINE NEWJim Oravetz-3/24/2006
187I'm sitting here watching DHI stock go down in my kids account. Although DHIDowjoe-2/11/2006
186D.R. Horton 1Q Home Orders Up 16%; Sees No Slowing By JANET MORRISSEY January 10Jim Oravetz-1/10/2006
185Housing Starts Rose 5.3%; Producer Prices Fell 0.7% A WALL STREET JOURNAL ONLINEJim Oravetz-12/20/2005
184SemiOT:Home Builder Toll Brothers Is Cautious on Its Outlook A WALL STREET JOURJim Oravetz-12/8/2005
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