GRBK - Green Brick Partners: The Bottom Is In For The Year Look Towards 2023
- Green Brick Partners, one of the fastest growing public homebuilders, seems to have put in a bottom after rising rates collapsed the sector.
- The stock has fallen over 30% since the recent highs on December 10th, 2021, presenting a margin of safety for long-term investors.
- Recently, superinvestor David Einhorn defended Green Brick in a letter to shareholders saying fears are overblown and earnings will not be impacted. Q1 showed a massive earnings beat.
- I wrote about Green Brick earlier this year, as part of a strategy for playing the housing market using a hybrid growth/income strategy.
- The main focus for investors now is the expansion into Austin, Texas in 2023, which is being vastly overlooked by the market.
For further details see:
Green Brick Partners: The Bottom Is In For The Year, Look Towards 2023