Tag Archives: Housing

[EFX] Equifax

[EFX – Equifax] Investment Implications of Breach Fiasco
September 18, 2017

When an apparently moaty company eagerly renders itself the object of public opprobrium, my greed[...]

Podcast Blurbs

Podcast Blurbs [Chinese internet, Consciousness, Passive investing]
September 18, 2017

Planet Money, Ep. #647 (Hard Work Is Irrelevant) “To get a job [at Netflix] and[...]

[CB] Chubb Ltd.

[CB – Chubb Ltd] A Port in the Storm
September 13, 2017

[Re: Harvey/Irma disaster relief efforts, here are three charities that have been given top marks[...]

[SNA] Snap-On Podcast Blurbs

Podcast Blurbs [Snap-On short, Amazon black hole, Illusory self, LP incentives]
September 13, 2017

Invest Like the Best, Ep. 53 (Meb Faber – Factors, Dividends, and Angel Investing) Meb[...]

[FAST] Fastenal Quick Blurbs

[FAST – Fastenal] Notes from CFO Convo; [ASHG – Ash Grove] Constructive Cement Pricing, Stock Is Cheap
September 8, 2017

[FAST – Fastenal] Fastenal’s dense branch network affords scale advantages in distribution and service relative to[...]

[DOOR] Masonite Intl

[DOOR – Masonite Intl] Reasonable Valuation, So-So Moat

Posted on by scuttleblurb
[DOOR – Masonite Intl] This stock got smoked last week post-earnings.  DOOR is now back to where it was at the start of 2014, when the company was generating less than half the pre-tax cash profits it does today. If you’re unfamiliar, Masonite and Jen-Weld (JELD) are vertically integrated duopolists in the US residential interior door manufacturing […]
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[GNRC] Generac

[GNRC – Generac] Value Come, Value Go

Posted on by scuttleblurb
(2,400 words) In between diaper changes and infant tantrums, I finally got around to looking at GNRC this past week. Given the stock’s ostensibly low earnings multiple and a share price that has gotten hammered over the last several years on what appears to be mostly cyclical reasons, I wanted to like the company but couldn’t […]
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[LEN] Lennar

[LEN – Lennar] Valuation Update

Posted on by scuttleblurb
LEN’s y/y home delivery growth has decelerated significantly over the last several years (from mid-teens in fy14 to 9.5% LTM), but in chorus with other builders, the company is singing an optimistic refrain post-Trump. “Since November we have seen a combination of renewed optimism, wage and job growth, and consumer confidence. As a result, our homebuilding […]
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