Homebuilder not for sale

WCI Communities is attracting all kinds of positive attention from investors for its most recent quarterly earnings report, so it's no surprise there's talk of the company becoming an acquisition target.

The Bonita Springs-based company recently reported strong revenues and profits as Florida's homebuilding recovery continues. WCI (symbol: WCIC; recent price: $25.60) reported net income of $9.8 million on revenues of $150.7 million in the second quarter ending June 30. That compares with net income of $4.3 million on revenues of $93 million in the same quarter in 2014.

Furthermore, WCI says the average selling price per new home it delivered in the second quarter was $476,000, up 11.2% compared with the same quarter one year ago. The company delivered 243 new homes in the second quarter, a 70% increase over the same quarter in 2014.