TPH - Beazer Homes: Valuation Is Half Of Peers
2024-04-01 09:33:26 ET
Summary
- Beazer’s struggles for a decade and a half caused investors to leave it for dead.
- The company has since turned around with 3 strong years under its belt and big growth plans.
- Yet Beazer trades at close to a 50% discount to peers, a relic of the past but not the current or future.
I have the most success in the stock market finding beaten down companies with significantly improved situations that haven't been recognized yet by investors. I call them turnarounds. Beazer Homes USA, Inc. ( BZH ) is a prime example. Unlike a lot of the turnarounds I invest in, the turnaround here is mostly complete. Yet despite similar prospects going forward, it trades at a huge discount to its peers....
Beazer Homes: Valuation Is Half Of Peers