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home / news releases / MHO - Homebuilder M/I Homes: Selling Below Liquidation Value. That's Cheap In My Book

MHO - Homebuilder M/I Homes: Selling Below Liquidation Value. That's Cheap In My Book

M/I Homes Inc.
  • My liquidation value estimate adjusts M/I's investment in 45,000 lots to their market value.
  • I am optimistic that profits generated by selling the homes on these lots will remain strong because on the ongoing U.S. housing shortage.
  • The result of my math is that if M/I Homes shuts down tomorrow its liquidation value is $60 per share, above the current stock price.
  • Adding the value of M/I's ongoing business value brings my price target to $100, or only a 7 P/E.

For further details see:

Homebuilder M/I Homes: Selling Below Liquidation Value. That's Cheap In My Book
Stock Information
Company Name: M/I Homes Inc.
Stock Symbol: MHO
Market: NYSE
Website: mihomes.com
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