Savvy Trades and Investments

[cliffvb]

BZH Sure did not expect it to be down after that strong report. Read the CC transcript too, I think they are being very conservative on their guidance. They say they will earn more than $5, they will hit that with just 5% above their current backlog and specs which are all under construction. They build starter homes which shouldn't take more than 6 months to build even with the supply issues. I think they will earn $6 plus this year which gives them a PE of under 3!

They did say that their southeast region was the slowest. Not because of lack of demand but because of delays in getting permits issued by skeleton staffed building departments. Could be a forewarning for those builders concentrated in the SE USA.

Yes the sector has started out this year in a nasty bear market. It is based more on fears rather than facts. Builders cannot keep up with demand and continue to raise prices.