Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Shane M who wrote (6510)	3/31/1999 10:55:00 PM
From: James Clarke	Read Replies (1) \| Respond to of 78520

If you're looking for a Buffett play in homebuilding, also take a look at a small homebuilder from Indiana called Crossman Communities (CROS). Its better than it looks at first glance. Management is the kind of people you would want to live next door to, and their track record is unbelievable. Just like Toll, they know land value and they stick to their niche. I think you want to look for low to mid teens for this one, but do your homework early. I've always been wary of Toll, although it is a fine company. At the high end, this is stock market money buying their houses. Crossman is at the low end, so you don't have that concern. You'd think the low end would be more competitive, but not for Crossman. JJC