Replies to post #88918 on Savvy Trades and Investments

[researcher59]

The homebuilders have gotten battered since early May and now look like bargains especially when considering how lumber prices have plunged in recent weeks -

 
 TKR     LOSS      Cur Pr    High Pr   Date of High 
  
 NAIL     -41%      69.54     117.65    05/10 
 BZH      -34%      17.17     26.12     05/10 
 TMHC     -28%      23.96     33.06     04/27 
 CCS      -27%      60.78     83.2      05/27 
 MHO      -26%      55.76     74.85     05/10 
 KBH      -25%      39.35     52.48     05/10 
 MTH      -25%      90.52     120.19    05/10 
 NWHM     -25%      5.24      6.945     05/10 
 TPH      -24%      19.96     26.35     05/10 
 TOL      -21%      54.4      68.88     05/10 
 PHM      -19%      51.75     63.905    05/10 
 DHI      -19%      86.77     106.89    05/10 
 LGIH     -16%      158.58    188       05/10 
 LEN      -13%      96.33     110.61    05/10 
  
 AVERAGE RETURN =            -25% 
  
 
                            

[bbotcs]

cliffvb: TMHC

Thanks. I bought some. I like that they build age 55+ communities. That is the right place to be, especially in States like North Carolina.

So, my 2 homebuilder plays are LEN and TMCH. IF TMCH's earnings are good, I don't see why the stock couldn't make it back to its 52-week high.

Thanks again.