<ARTICLE> 5 <PERIOD-TYPE> 6-MOS YEAR YEAR <FISCAL-YEAR-END> DEC-31-1997 DEC-31-1998 DEC-31-1999 <PERIOD-START> JUL-10-1997 JAN-01-1998 JAN-01-1999 <PERIOD-END> DEC-31-1997 DEC-31-1998 DEC-31-1999 <CASH> 2,860,000 451,000 761,000 <SECURITIES> 0 0 0 <RECEIVABLES> 23,531,000 55,097,000 129,222,000 <ALLOWANCES> 21,573,000 15,580,000 61,506,000 <INVENTORY> 72,448,000 116,255,000 128,991,000 <CURRENT-ASSETS> 0 0 0 <PP&E> 712,000 6,653,000 10,965,000 <DEPRECIATION> 285,000 923,000 2,573,000 <TOTAL-ASSETS> 171,588,000 259,201,000 301,115,000 <CURRENT-LIABILITIES> 0 0 0 <BONDS> 103,291,000 163,283,000 135,714,000 <PREFERRED-MANDATORY> 0 0 0 <PREFERRED> 0 0 0 <COMMON> 10,000 10,000 10,000 <OTHER-SE> 17,815,000 18,967,000 34,386,000 <TOTAL-LIABILITY-AND-EQUITY> 171,588,000 259,201,000 301,115,000 <SALES> 66,663,000 173,504,000 383,293,000 <TOTAL-REVENUES> 66,663,000 173,504,000 383,293,000 <CGS> 50,309,000 131,030,000 313,975,000 <TOTAL-COSTS> 50,309,000 131,030,000 313,975,000 <OTHER-EXPENSES> 0 0 0 <LOSS-PROVISION> 0 0 0 <INTEREST-EXPENSE> 4,591,000 14,075,000 17,762,000 <INCOME-PRETAX> 1,268,000 1,152,000 13,770,000 <INCOME-TAX> 0 0 0 <INCOME-CONTINUING> 0 0 0 <DISCONTINUED> 0 0 0 <EXTRAORDINARY> 0 0 0 <CHANGES> 0 0 0 <NET-INCOME> 1,268,000 1,152,000 13,770,000 <EPS-BASIC> 0.03 (0.12) 1.22 <EPS-DILUTED> 0.01 0.01 0.12