| Business Summary | | M.D.C.
Holdings,
Inc.
(MDC)
and
its
subsidiaries'
primary
business
is
owning
and
managing
subsidiary
companies,
which
build
and
sell
homes
under
the
Richmond
American
Homes
name.
The
Company
also
owns
and
manages
HomeAmerican
Mortgage
Corporation,
which
originates
mortgage
loans
primarily
for
MDC's
homebuyers.
In
addition,
the
Company
provides
title
agency
services
through
American
Home
Title
and
Escrow
Company
and
offers
insurance
through
American
Home
Insurance
Agency,
Inc.
to
MDC's
homebuyers.
MDC's
business
consists
of
two
segments,
homebuilding
and
financial
services.
In
its
homebuilding
segment,
the
Company
builds
and
sells
single-family
homes
in
metropolitan
Denver,
Colorado
Springs
and
northern
Colorado;
northern
Virginia
and
suburban
Maryland;
northern
and
southern
California;
Phoenix
and
Tucson,
Arizona;
and
Las
Vegas,
Nevada.
The
Company's
financial
services
segment
consists
principally
of
the
operations
of
HomeAmerican. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | MDC
builds
and
sells
single-family
homes
in
Denver
and
Colorado
Springs,
CO;
Northern
Virginia
and
suburban
MD;
Norther
and
Southern
CA;
Phoenix
and
Tucson,
AZ;
and
Las
Vegas,
NV.
The
Company
also
originates
mortgage
loans
primarily
for
MDC's
home
buyers.
For
the
six
months
ended
6/01,
revenues
rose
21%
to
$928
million.
Net
income
rose
37%
to
$68.1
million.
Results
reflect
an
increases
in
the
number
of
home
closings,
higher
average
prices,
and
higher
gross
margins. | More
from
Market Guide: Significant
Developments |
| | | | FY1999
Compensation | | Pay | Exer | |
| Larry Mizel, 57 Chairman
and CEO | $5.4M | -- | David Mandarich, 52 Pres,
COO | 5.2M | $338K | Paris Reece III, 45 Exec.
VP, CFO and Principal Accounting Officer | 681K | 475K | Michael Touff, 55 Sr.
VP and Gen. Counsel | 456K | 486K | Mark Duke VP
of HR | -- | -- | Dollar
amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|