Another homebuilder has shown up on the lists that meet our criteria.
Dominion Homes "offers three sizes of single-family homes that are different by size, price, standard features and available options in Central OH and Louisville, KY."
DHOM is having a great day today. Currently trading at $24.50, it is up $2.47 or 11.21% on the day.
Last quarter results were announced on April 30, 2003, per the NYTimes on the web: Net income increased 19% to $4.8 million from $4.1 million last year for the quarter ending March 31, 2002.
Revenues increased to $104.0 million, based on the delivery of 569 homes, from $98.4 million based on the delivery of 518 homes during the first quarter of 2002.
Reviewing the Morningstar.com financials, we find that revenue has grown from $207.9 million in 1997, $264.9 million in 1998, $277.6 million in 1999, $326.4 million in 2000, $395.7 million in 2001 and $487.5 million in the trailing twelve months.
Unfortunately, cash flow is a negative six million which is one of the only flaws for this company.
The company, however, is fairly flush with cash with $4.1 million in cash and $272.8 million in other current assets compared to current liabilities of $39.3 million and Long-term liabilities off $115.5 million.
I do not own any shares of this and am not anticipating a purchase at this time. The stock is interesting and may be an excellent way to participate in the housing boom with a relatively small company. (compared to HOV and LEN discussed elsewhere on this site.)