Replies to post #99400 on Savvy Trades and Investments

[Knowledge is King]

Thanks cliff!

[bbotcs]

cliffvb: MHO
If their sales fall off of a cliff, will they be able to maintain the dividend? By the way, I see the supply chain getting worse, not better. That will have an impact on homebuilders. And the dividend is still about 4 1/2 percent below the rate of inflation.
HOWEVER, imo, interest rates are still ridiculously low.
But, if I had the choice of a new home for $900K or an existing home with the same square footage for $600K, I'd go for the existing home because (1) you can make a lot of improvements for what you'd save on taxes, payments, etc., and (2) most likely the lot on the existing home would be bigger.

[researcher59]

MHO +2.24 to 44.69 after reporting strong Q3 numbers ..... EPS of $4.67 easily beat estimates for $4.05 ..... book value is $71. Orders were down 31% y/y, so clearly some softer quarters lie ahead, but the stock is super cheap with loads of bad news priced in ..... MHO and CCS are my largest positions in the homebuilder sector.

https://investors.mihomes.com/news-events/press-releases/press-release/2022/MI-Homes-Reports-2022-Third-Quarter-Results/default.aspx