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LGI Homes Inc LGIH
Posted on 9/22/21 at 10:42 am
Posted on 9/22/21 at 10:42 am
LGI Homes, Inc (NASDAQ: LGIH) which is Texas based homebuilder and developer. The Company is engaged in the design, construction, and sale of new homes in markets in Texas, Arizona, Florida, Georgia, New Mexico, Colorado, North Carolina, South Carolina, Washington, Tennessee, Minnesota, Oklahoma, Alabama, California, Oregon, Nevada, West Virginia, Virginia and Pennsylvania.
The company has purchased 335k shares of stock since May 1, 2021. There financials look very solid and they have a backlog of contracts right now that is more than 10 months out. They were smart and purchased a ton of supplies knowing there would be a supply chain disruption so they bought lumber before the prices went crazy.
They just entered into a mortgage lending joint venture on June 30th which should really bulk up their profit margins.
I'm going to make a bold prediction that this stock is going to make a lot of people very rich if you buy in now. It is a true retirement stock. The executive team they have in place right is gearing this thing up for rapid stock price growth.
The company has purchased 335k shares of stock since May 1, 2021. There financials look very solid and they have a backlog of contracts right now that is more than 10 months out. They were smart and purchased a ton of supplies knowing there would be a supply chain disruption so they bought lumber before the prices went crazy.
They just entered into a mortgage lending joint venture on June 30th which should really bulk up their profit margins.
I'm going to make a bold prediction that this stock is going to make a lot of people very rich if you buy in now. It is a true retirement stock. The executive team they have in place right is gearing this thing up for rapid stock price growth.
1
Posted on 9/22/21 at 7:10 pm to MrLSU
Having a backlog of homes sold right now isn’t necessarily a good thing. Think about it. They wrote a contract almost a year ago and now inputs are up 25%, maybe more. There’s no way they could have bought enough of anything to prevent any disruptions either. You would literally need to risk billions to do so. I’m sure that is factored into this “gem”
Posted on 10/20/21 at 3:38 pm to TigerDeBaiter
PE is below 9 and and ROE is over 35%. This thing is going to explode when the next earnings report comes out.
Posted on 11/19/21 at 9:52 am to MrLSU
LGIH has now rebounded and is making another run in case you guys want in.
Posted on 1/21/22 at 9:47 am to MrLSU
LGIH had an investors meeting yesterday and they were highly optimistic their stock price will hit 500 (currently at 120) by the end of 2022.
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