Archive for July, 2013

Homebuilder Horton – Hold, Fold Or Double-Down?

Friday, July 26th, 2013
Homebuilder Horton – Hold, Fold Or Double-Down?

Wednesday, everything seemed so right with D.R. Horton (DHI). Analysis had revealed a high quality, well-managed company. Then the excellent industry news ramped up sales and earnings expectations. Thursday morning, sure enough, Horton announced that it not only beat the average EPS estimate by 24%, but also exceeded the top of the analyst estimate... »

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Homebuilders: Today’s Special Buying Opportunity

Wednesday, July 24th, 2013
Homebuilders: Today’s Special Buying Opportunity

Outstanding homebuilder industry sales and pricing news for June was just released, yet homebuilder stocks so far have not reacted. The news is exceptionally good because expectations have been so negative (i.e., the “surprise” factor is high). With this proof that new homebuyers are undeterred by the higher mortgage fixed-rates, we would expect the... »

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Despite Warnings, New Bull Market Leg Is Forming

Tuesday, July 23rd, 2013
Despite Warnings, New Bull Market Leg Is Forming

Typical of many warnings being proffered to investors these days, Michael Santoli (formerly at Barron’s and now with Yahoo! Finance) has written Retail Investors Should Lower Expectations. He cites many reasons to be cautious and expect lower returns from “nearly all” asset classes. I’ve found Michael’s writings to be well-done. However, I believe his... »

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Mortgage Rate Worry Is Hiding Homebuilder Opportunity

Sunday, July 21st, 2013
Mortgage Rate Worry Is Hiding Homebuilder Opportunity

The good news continues for both the housing market (demand and prices up, foreclosure supply diminishing) and homebuilders (activity and confidence up). Real estate has become desirable again, spurring buyers, investors and lenders. The only “bad” news has been higher fixed mortgage rates. In 2 Reasons Rate Rise Makes Homebuilders A Buy, I discussed... »

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D.R. Horton: Built To Ride Housing’s New Upswing

Monday, July 1st, 2013
D.R. Horton: Built To Ride Housing’s New Upswing

In 2 Reasons Rate Rise Makes Homebuilders A Buy, I described how rising interest rates will likely boost home sales, not weaken them. Two important forces could be unleashed by a rate uptrend. First, potential home buyers can be influenced to act sooner, thereby avoiding higher mortgage rates later. Second, banks, seeing an increase... »

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