0.00Open0.00Pre Close0 Volume0 Open Interest190.00Strike Price0.00Turnover42.74%IV-16.60%PremiumSep 20, 2024Expiry Date27.06Intrinsic Value100Multiplier24DDays to Expiry0.00Extrinsic Value100Contract SizeAmericanOptions Type-0.9162Delta0.0110Gamma5.99Leverage Ratio-0.0426Theta-0.0578Rho-5.49Eff Leverage0.0626Vega
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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