D.R. Horton Plots Market Domination

D.R. Horton logged the first year-over-year quarterly sales increase since March 2006 in its fourth quarter, leading CEO Donald Tomnitz to suggest that the worst is over for the Texas-based public builder. In 2010, Horton will be profitable again and close more homes than it did in its 2009 fiscal year, Tomnitz told investors during its quarter and year-end conference call Friday. It wasn�t profitable in its fourth quarter. The company lost $231.9 million, $0.73 a share, the company reported. So confident is Tomnitz that a recovery is beginning that the company has launched its next strategy to prepare for such a rebound: Market domination by Horton. �One of the things we continue to do is maintain our big footprint across the United States," the CEO said.

Click here to view this article from its source.