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Strategies & Market Trends : Value Investing

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To: Grommit who wrote (58861)	1/4/2017 2:26:22 PM
From: E_K_S	Read Replies (1) of 78744

Look's like TPH was an IPO in 2013. IPO - 1/31/2013 - 13.69 Million Shares @ $17.00/share. Link to IPO ProspectusPrevious Name: Tri Pointe Homes, Inc. Changed: 7/02/15 Large Cap Stock - Market Value $ 2.4 Billion Yahoo Finance shows a BV at $11.15/share. GN valuation is $17.49/share or 47% undervalued. I am puzzled since shares outstanding now is 160mln so they must have issued many more shares from their IPO since 2013. Will put on my watch list as I do some more background study. The key for these builders is their land bank inventory. If they were able to bank a lot of buildable lots at/below market, each new home built & sold will generate some pretty nice income. EKS

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