Replies to post #81399 on Savvy Trades and Investments

[researcher59]

Homebuilders stand out as a bargain in this pricey market .... forward PE's for 2021 are mostly in the singles digits .... even as stocks like CCS and MHO are making new 52wk highs today, they trade at forward PE's of under 8. Furthermore, they've repeatedly been beating analyst estimates by a wide margin. There's plenty of upside left for the homebuilders as investors shift funds out of some of the very overvalued growth stocks and into value plays for 2021.

TMHC, TOL, TPH, MTH

[bbotcs]

cliffvb: Homebuilders

Believe it or not, I bought LEN at $81 and change in after-hours on Wednesday. My target is $100. I'd like to pick up another homebuilding.
May I trouble you to get your top pick of the three you mention: CCS MHO or MCD.

[researcher59]

MHO +5.10 to 51.30, homebuilders very strong today. I don't know what the catalyst is. Might simply be bargain hunting since they remain very cheap. Even considering today's rally to new multi year highs, MHO trades at just 7.5x 2021 EPS estimates for $6.87 which they'll probably exceed.

I'm surprised there's not more interest from the board in the homebuilders.