Replies to post #82922 on Savvy Trades and Investments

[whoswho]

MHO/CCS/TPH
I trimmed my homebuilder stocks today; hope I can buy back with a lower price.

[bbotcs]

r59: LEN

I am interested, but they were in the doldrums until today.
We are approaching the time of year when people start to think about moving into a new home. But Lennar's CEO (or CFO, don't remember which one), said they don't have to solicit business; it is dropped in their lap by all of the homebuyers out there.

LEN $100 a share by spring?

[bbotcs]

r59/cliffvb: MHO

Would U buy at this level?

[nelson1234]

homebuilders there is a lotta talk on this innaug day about Biden's proposed 'First Time Home Buyer $15,000 Tax Credit'.

[cliffvb]

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.