TOL - 3 New York Stock Exchange Homebuilders: When Value And Momentum Converge

Introduction

I am a value investor who believes in the long-term ownership of good businesses purchased at attractive valuations. In my humble opinion and experience, this is the surest and perhaps most prudent way to build wealth through investing in the stock market. However, value investing does not always provide instant gratification. In fact, the exact opposite is likely to be true more often than not. The reason is plain and simple. Value often comes when good companies go out of favor, and this is especially true in bull markets like we have been in

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