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Comstock Holding Companies, Inc. Message Board

  • h_grant_h h_grant_h Aug 13, 2013 8:52 AM Flag

    Lost 4c, what a turn of event!

    It reported in Q1 a 4c profit, if I remember it correctly. And the stock was jacked up like some sort big winner.

    Well, for Q2, it reported a loss of 4c. That's a big problem for those chasing an empty dream and the stock. There is nothing here to be excited about.

    Watch the gap down bellow!

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    • If you listened to the CC for Q1, the management painted such a rosy picture for things to come. You'd get the impression they're going to be hugely profitable. Guess what? Wrong.

      The company was wrong in forecasting a growing market. There was no growing, b/c there was no pricing improvement. If demand were real, the pricing should also be strong. Even tho I wouldn't use the words, "fire sales", to describe Q2, but when a real estate builder must sell down the inventories at weak prices, it's a troubling indication for the markets they serve.

      A real estate builder's cost structure must include the overhead in running the business, which is and will always be much smaller than the cost of the land, building and labors.

      The stock is going back to $1's.

    • I think we have to take a step back here....the good news is that they are on track to meet their revenue goals for 2013 which seemed like a pipe dream not six months ago. They projected a return to profitability this year, not a hugely profitable year. All of us in this for at least the next two years expect this to be a process.

      Not to even mention the fact that they opened both major new developments that don't even count towards Q2.

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