M.D.C. Holdings (MDC) seems to be a good value pick, as it has decent revenue metrics to back up its earnings, and is seeing solid earnings estimate revisions as well.
Moody's Investors Service ("Moody's") upgraded the Corporate Family Rating (CFR) and senior unsecured notes of M.D.C. Holdings, Inc. ("M.D.C.") to Ba1 from Ba2, senior unsecured shelf to (P)Ba1 from (P)Ba2 and the Probability of Default Rating (PDR) to Ba1-PD from Ba2-PD. The company's speculative grade liquidity rating is unchanged at SGL-2. The upgrade considers Moody's expectation of continued improvement in credit metrics through 2021, including leverage trending to 31% as a result of increased retained earnings and interest coverage increasing to 8.3x.
M.D.C. Holdings, Inc. (MDC) has been struggling lately, but the selling pressure may be coming to an end soon.