0.00Open4.20Pre Close0 Volume17 Open Interest145.00Strike Price0.00Turnover61.22%IV10.58%PremiumAug 16, 2024Expiry Date0.00Intrinsic Value100Multiplier23DDays to Expiry4.20Extrinsic Value100Contract SizeAmericanOptions Type-0.2610Delta0.0133Gamma37.49Leverage Ratio-0.1646Theta-0.0266Rho-9.78Eff Leverage0.1302Vega
M/I Homes Stock Discussion
In 2022, M/I was a much bigger company compared to that in 2005. Its 2022 revenue was 3 times bigger while its Net Income was almost 5 times larger. Unfortunately, its capital efficiency as measured by the gross profitability did not improve. I would also rate M/I's financial position as poor.
About 1/3 of its revenue growth was driven by growth in house prices. As such, I valued M/I as a cyclical...
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