Lawrence Horan
Lawrence Horan
basis builders double earnings economic grow home major next pickup three
Barring a major economic dislocation, such as a big pickup in inflation, I think home builders can grow their earnings at a double digit basis for the next two to three years.
economy industry market negative next outlook quite slowing swing tends year
I've been negative on the industry outlook for quite some time. I think next year is going to be a down year with competitive pricing. The economy is slowing and housing, which tends to be the swing factor, is slowing. I think it's going to be more of a replacement market next year.
glory goes handed handled jack legacy maybe quote required risk staying sure wants
If it's done successfully, it will be the quote 'crowning glory' of his 21 years, ... there's a lot of risk for him personally, because if it's mishandled it goes down as something maybe he shouldn't have done. Staying on is something that's probably required on all fronts. Jack wants to make sure that his legacy is not marred by an acquisition that when handed off was not handled that well.
believe cycle economic financial leads performance poised stocks strong
The extraordinary financial performance of conventional homebuilders in this economic cycle leads us to believe that there is a strong possibility that their stocks could be poised for record-breaking valuations.