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Transaction Details

Company: Meritage Homes
Ticker:mth
Yahoo Beta:0.82
Industry:Home construction

Company Description:  Meritage Homes buys land in reapidly growing areas in the Western US and builds single family homes.

Purchase Date:16 Feb 2005 Sale Date:31 Aug 2005
Purchase Price:$72.40 Sale Price:$77.00
  --Split Adjusted:$72.40  --Split Adjusted:$77.00
Shares Purchased:100 Shares Sold:100
  --Split Adjusted:100  --Split Adjusted:100
Transaction Fee:$152.74 Transaction Fee:$158.32
Price Range (6 Months Prior):    Price Range (6 Months After):    
High$74.34 High$0.00
Date08 Feb 2005 Date01 Jan 1996
Low$32.62 Low$0.00
Date16 Aug 2004 Date01 Jan 1996
S&P (Purchase Date):$1,210.34 S&P (Sale Date):$1,220.33

Purchase
Timing:  The price has been climbing steadily. We bought near recent highs.
Reason:  The western US is growing rapidly and the company has very solid margins and strong growth.

Sale
Timing:  We missed the peak while everyone was on vacation in August.
Reason:  Housing markets are softening generally and the price dropped about $15 over a short period.

S&P Gain: 0.83 % Annualized Gain: 1.55%
Stock Gain: 6.35 % Annualized Gain: 12.15%

Dividends:$0.00
Net Holding Return ($): $148.94
Net Holding Return (%): 2.01 %