Housing stocks. I pretty much gave up on almost all stick-builders, but have kept and added to building suppliers. I'll take a few shares of manufactured home builder Cavco (CVCO) here.
Generally profitable (except 2010) with good metrics that I look at. It sells a 2x stated bv, which is usual, maybe fair value, for homebuilders. Otoh, unlike most homebuilders I'm looking at, CVCO has lots more cash than debt. (Debt's only about $22M (Yahoo) compared to billions with some stick-builders.)
Maybe being in manufactured housing it has a low price point, so will attract people unable/unwilling to pay new house construction.
A bunch of negatives though: Mobile homes are more expensive to finance than traditional homes. This stock's numbers look ok and comparable to stick builders numbers on some measures (p/e). If the downturn in housing demand occurs/continues, maybe all the stocks will fall with falling sales, profits, margins, etc. Also, similar as was mentioned by somebody below on another stock, earnings have gone from about $8 last year to $21 this year (Mar '22 to maybe $26 next year). That's quite a jump. Sustainable?
Anyway, I'm in for a few shares.
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