Industry News

Real estate companies make it big on Fortune list

Four home builders among the 'Fastest-Growing'

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Fortune magazine's latest top-100 list of the fastest-growing companies in the nation includes four home builders, three mortgage lenders and two Florida land developers. Zacks Investment Research supplied data for the list, which gives equal weight to three factors: profit and sales growth for three years through first-quarter 2005, and three-year total return through June 2005. Topping the ranking is Sunnyvale, Calif.-based Yahoo!, an Internet company that is sailing on online advertising profits. Google, because it just went public last year, wasn't eligible for consideration in the list. Compucredit, ranked second on the list, is a provider of branded credit cards to the sub-prime market; Ceradyne, at third, makes high-tech ceramics, including in-demand military armor; Vineyard National Bancorp., at fourth, is a Southern California bank that is benefiting from the real estate boom, according to a Fortune magazine announcement today. Laserscope, at fifth, makes medical laser s...