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Strategies & Market Trends : Value Investing
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To: James Clarke who wrote (4192)5/29/1998 12:58:00 AM
From: Paul Senior  Read Replies (1) of 78548
 
That's a pretty broad brush you are using to paint Wall Street's housing stocks IMO. Looks to me like in the time period you describe, I can see no housing stock that has failed to appreciate in price. Many can come close or surpass the 50% performance of CMH. (Although I seem to own one that is up only 10% -g-.) So IMO, good call and good advice by any Wall Street analyst who recommended housing stocks 12-18 months ago.

And some of these stocks look like they still might have some room for appreciation. UH for example still near book (per Yahoo). Perhaps HOV still in the hot NJ market. We see a 3 point jump in Kaufman and Broad today attributed to the hot CA market. (I own none of these stocks.)

Regarding suppliers to non-stick home builders, KVCO is too expensive IMO. PATK might be okay, but it has offered better buy in points. As discussed here on earlier posts, although CMH has their own finance arm (a big advantage compared to independent manufacturers and/or dealers and a big profit center for CMH), I have been partial to Greentree.

Can't argue though with long term success of CMH under Mr. Clayton's leadership; Clayton Homes has been a great investment for long term holders. Sorry I wasn't there. Paul Senior
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