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| Symbol | Sector | Return | Exposure | Trades | Last Trade | Status |
|---|---|---|---|---|---|---|
| MTH | Home Construction | -32.68% | n/a | 3 | 17-Apr-08 | Prior Holding |
21-Sep-07
Price Stabilization?
Holding Rationale for MTH.
As you anyone looking at my holdings can tell, I made a bottom call on housing way too early near the beginning of this year. This may not be the bottom here, but it looks like the price has stabilized after the relentless plunge this summer. When the housing market turns around, MTH will be in a prime position to take advantage because of its prominence in fast-growing regions, such as Arizona and California. It also holds relatively little land directly, preferring to use options to purchase plots instead. Not only does this reduce the impact of write-downs to the company's balance sheet, but they have also been able to renegotiate the terms of their option agreements as prices have fallen.
Tagged Stocks: MTH
Posted at 20:27 in Holding Rationales | Permalink | Comments () | Top
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