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LEN had a great day, up 14% with an earnings beat. All the homebuilders were strong today. Nothing wrong with turning some homes into rentals or selling them to rental companies that I can see. Several builders do that.
NMM has had a great run. It's nearly doubled this year alone. Thanks so much R59 for bringing it to my attention last year. Just wondering if you are still holding here? Thanks, Cliff
CD rates I checked new issues on AmTurd. 6 mo and 1 year CDs are still selling at a lowly .05% annually. Wow, that's 50c annual interest per $1000 CD. Goldman Sachs does have a 1 year CD at .1%. How generous of them. Better hurry as that one will likely be sold out soon. Crazy although I can't really blame them as the fed will let them borrow all they want at virtually zero too.
AMRK I've tried to buy this one several times over the last few months in both regular and IRA accounts at AmTurd and they have always been rejected, saying I had to call them in. I sure would like to know their logic in restricting trading on this profitable nasdaq company.
amrk
BGFV This one likes to sell off initially initially on good news. I added some at 14.05. Looks like the LOD, so far anyway, is 13.41
BGFV Wade, I think our lives likely will never go back to the way they were pre-covid. Zoom recently announced that they think their service will continue to to well post covid. People have turned to activities like hiking, golfing, camping, and other individual activities and have come to enjoy them while they also stay healthier doing them.
BGFV has also discovered that they don't need to keep their stores open such long hours to do well. They have also reduced their advertising expenses significantly where they offered loss leaders just to get people in their stores, hoping they would buy more while there.
I think fair value on this one is closer to $20. We'll see.
BGFV increased their regular dividend by 50% to 15c per quarter from 10c too. Also up to $65 mil in cash and no debt either.
Should be a good day tomorrow.
MU bbotcs, Sorry to say, I have missed out on their recent rally. With all the big chip shortages, everyone loves them now.
as of the end of 2020, the average maturity of the US debt is 65 months. So, with-in 5 1/2 years the US will have to refinance half of its debt. If interest rates spike, we will be screwed.
AVNW Picked up some more shares on the downdraft yesterday. Hard to beat a 22% one day gain, unless you are on the right side of something like GME. (wouldn't touch that one)
CCS Woohoo, stock now up 14% in early trading.! That really was a blow out earnings report and the company is also guiding for another 16% increase in deliveries this year, and that is probably conservative.
MHO reported very strong numbers for Q4. This homebuilder reported adj. eps of $2.95, more than double a year ago and well above analyst estimates of $2.42. New contracts were up 39% and backlog hit a record level. Book value was up 25% to $44/share.
The market reacted by sending the stock down 5% in early trading. I don't see why and added more shares at 46.62.They earned $8.23 for the year which is a trailing PE of only 5.7. They are looking for a strong year ahead but have not yet provided guidance.
MDC also came out with very strong earnings and that stock is also down about 2%. They earned $2.19 for the quarter, beating by 46c.
Schwab bought out TdAmeritrade and those accounts will be merged in the next 1-2 years so I wouldn't go there. I also wonder how these brokerage firms are making money when they don't charge any commissions?
BGS Another one of those crazy casino stocks. This former sleepy frozen foods stock is up 50% this week. Sold the last of my shares at 42.93
Home builders have had a very nice run ytd and this week brings several earnings reports.
DHI announced this morning with a nice beat. Fiscal Q1 earnings came in at $2.14 vs $1.69 estimate. New orders were up 56% yoy. They also increased 2021 guidance. Stock is still up about 1% after a strong open. Don't own that one.
Interesting on BGS. I sold about half my position today. Hopefully the short squeeze continues tomorrow.
BGS Own this sleepy frozen food stock mainly for its juicy 6+% dividend. Today it sprang to life and at one point was up 35%. Has now given up half of its gain but still up bigly. Don't see any news to account for it. Crazy markets, I guess.
bbotcs, I would just wait for a pullback after the recent big run up in the home builder group. LEN is a good one but LEN.B is the more attractive one. It represents the same interest as LEN and has superior voting rights but curiously continues to trade at a substantial discount to LEN.
Home builders continue to move higher on stronger than expected housing starts data (highest since 2006).
Lightened up on BZH at 19.63 which has really had a big run-up the last couple of days.
https://www.bloomberg.com/news/articles/2021-01-21/u-s-housing-starts-rose-to-fastest-pace-since-2006-in-december
MHO and all the home builders were hot today. BZH was up over 16%. I'm not sure what caused the sudden surge of interest in the group. Biden's $15,000 tax credit for first time home buyers has been on the table for quite a while. Not that they need that as buyers are already lined up right and left.
I expect them to report very strong numbers for Q4 which is reported soon. I'm holding as we will also enter the seasonally strong spring season. As R69 commented, they still remain cheap based on PEs in this frothy market.
BMTX Could well be they don't show up in holdings due to trading restrictions. Like I said, when I go to cost basis tab and then unrealized gain in my TdAm account, they do show up there.
BMTX Interesting that while this spin-off from CUBI is still not showing up in my list of account holdings, it now does show up when I look at the list of unrealized gains and losses in my TdAm account.
Hweb, I can't argue with any of what you said. The markets could well see a correction in January. OTOH, a little voice in my head keeps saying Don't fight the Fed. So I don't think I will short anything here.
Isn't the $600 bill passed per person so a family of 4 will get $2400.
At $2000 per person that would mean $8000 for that same family. Seems a bit rich to me. No one seems to care about huge eye popping deficits anymore. Eventually, they will catch up with us and we will all pay dearly for it.
BGFV Ha, I'd have fun if I even got half of that ($14.50). Meanwhile, BGFV is flirting with 52 week highs today...nice
BGFV holding and even adding to its big gains on this lousy market day. Not that I'm complaining, but I wonder what brought back the new appetite for this one?
bbotcs, I really like all three of them but if I had to pick one, it would be MHO
MHO remains the best value with the lowest Price to book, PE, and P/cash flow. Based on analysts estimates, it has a forward PE of only 6 and has handily been beating analyst estimates.
CCS MHO MDC and other home builders have been strong the last couple of days on better than expected November starts info and LEN (largest homebuilder in the country) also announced a strong beat yesterday. They've had a good run but I'm still not selling as I believe the framework for continued growth will continue for a long time (super low interest rates, trends to working from home in their own sanctuary, escaping unrest in the cities,and a large shortage of existing inventory).
LGIH Ha, nelson, there is no porn implied there. What LGIH is talking about is an age restricted over 55 community with lots of community activities like golf, swimming, and exercise facilities. Several big homebuilders are busy building in age restricted communities like that. PHM is a big one in that since they acquired Del Webb.
We're actually in the process of buying a winter home in Arizona in an over 55 community there called Sun City Anthem. It will be real nice to get away from the Seattle area rains and cold weather for awhile.
BZH Yet another home builder with a strong beat, 82c vs 58c estimate for FQ4. Also said their order backlog is up 50% yoy and predicting a strong year ahead. This one is still cheap at a good discount to BV. I think fair value is somewhere in the upper teens.
Btw, puked out my remaining TOMZ at 5.07. What a disapointment.
Isn't Schwab taking over Tdameritrade soon too?
sc
I guess we should be grateful that the democratic cheaters for Biden were too lazy or stupid to fill out the rest of the ticket on their phony ballots. If they did, we could easily be looking at that "blue wave" in the Senate too.
AVNW Monster quarter for sure. This is right after QCOM, another 5G player, reported great numbers too.
Anyone have other 5G companies to look at?
SNFCA Yet another record low in 30 year mortgage rates to 2.78%
I'm surprised this one isn't moving up. Business must be great. It sure looks cheap to me here.
Zoom conferences are so much easier and cheaper than airline flights, car rentals and hotel accomodations. I also think much of this will continue after covid fears are over too.
What if there is a 259-269 electoral tie?
From what I see, the House would elect the President and the Senate would pick the VP, but each state only gets one vote. As it stands now, the House Republicans control 26 states in the House but that could well change. If it ends in a tie, they would keep voting until there was a winner.
If the House can't pick a winner by inauguration day, then the Senate VP pick becomes President until the House is finally able to pick someone.
Talk about divided government, it may be that "we haven't seen nothing yet"! And I think the market could do a swan dive if this came to be.
I thought I might see the market go deep red with all this uncertainty. Nope, it's green. I guess the market wants split government which is what we will likely have, regardless of who wins the Presidency.
Nasdaq futures are way up, about 400 pts. I wonder what lit the fire under tech?
HBP Sounds like sales and presumably profits, would have been higher if they had been able to keep up with orders. It also appears they are still mulling that $4 cash offer:
Mill Road Capital Management Unsolicited, Non-Binding Expression of Interest
On August 6, 2020, the Company received an unsolicited, non-binding, expression of interest from Mill Road Capital Management LLC (“Mill Road”), a private investment firm, to acquire all of the outstanding common stock of the Company for $2.75 per share, subject to certain contingencies. On October 14, 2020, the Company received a revised expression of interest from Mill Road to acquire all of the outstanding common stock of the Company for $4.00 per share, subject to certain contingencies. The Company’s Board of Directors is reviewing Mill Road’s proposal and will determine the course of action it believes is in the best interests of all its stockholders. The Board is always open to considering strategic opportunities to maximize value and has retained Lincoln International as its financial advisor to assist the Board in its review. The Company does not intend to disclose any updates regarding its review of the proposal until the Board of Directors makes a determination requiring further disclosure. In the meantime, the Company continues to focus on executing on its business plan to drive shareholder value.
Conference Call
Huttig Building Products, Inc. will host a conference call Friday, October 30, 2020 at 11:00 a.m. Central Time. Participants can listen to the call live via webcast by going to the investor portion of Huttig’s website at www.huttig.com. Participants can also access the live conference call via telephone at (866) 238-1641 or (213) 660-0927 (international). The conference ID for this call is 1596573.
About Huttig
Huttig, currently in its 136th year of business, is one of the largest domestic distributors of millwork, building materials and wood pr
INMD Wade, I started to look at it and have a couple of questions:
Why were analyst earning estimates falling sharply in the last half of 22019? For example Q3-2020 estimate fell from 48c to 29c in the latter half of 2019.
Could their booming business now be partly because so many hospitals were shut down to elective surgeries earlier this year?
They are an Israeli company which from my experience has meant those are discounted compared to US companies. Not sure what a fair discount is though.
BGFV Let's see at $7, that is a $150 mil mkt cap. But they have no debt and $56 mil in cash. With that, the market is really only valuing the company at just under $95 million. In the first 9 months of this year, they earned $35 mil after tax. Let's figure another $10 mil for Q4 (conservative), so $45 mil for the year. That gets it down to a PE of just over 2 with the cash backed out.
Throw in a great, debt free balance sheet, a planned stock buyback of up to $15 million which is over 10% of shares at the current price, a big dividend of 5.7%, and also the fact it is at a large discount to industry peers.
Sure does look like an undervalued stock to me.