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Argus•February 08, 2024
Argus•February 08, 2024M.D.C. Holdings, Inc.: Dropping coverage after MDC agrees to be acquired
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Summary
M.D.C. Holdings Inc., based in Denver, is a major homebuilder operating under the name Richmond American Homes. In 2023, total revenues were $4.5 billion. The average price of the 8,228 homes sold was $549,000, down 5% from 2022. The company's focus is on single-family detached homes. Roughly 58% of homebuilding revenues come from the West Coast, 28% from the Mountain states, and 14% from the East. The Financial Services segment consists of HomeAmerican Mortgage Corp., American Home Insurance Agen
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Analyst Profile
Chris Graja, CFA
Senior Analyst: RetailChris covers the Consumer sector for Argus. He was the #1 Stock Picker in the Household Durables sector, winning the 2019 StarMine U.S. Analyst award from Refinitiv. He was the #1 Stock Picker in Food and Staples Retailing, winning back-to-back U.S. Analyst Awards in 2015 and 2016. He received a prestigious Volunteer of the Year award from the New York Society of Security Analysts in 2000. Prior to Argus, Chris spent 16 years at Bloomberg Financial Markets. He was the Director of Training and a Senior Researcher for Bloomberg’s research division before joining the new Bloomberg magazine as Technical Studies Editor in 1993. He rose to Executive Markets Editor of the publishing group. Chris co-authored the book “Investing in Small-Cap Stocks,” which was published in three U.S. editions, an audio book, and two Chinese editions. Chris earned an MBA from Rutgers University. He is a CFA charterholder.