LGIH - LGI Homes - Back In The Buy Zone

Introduction

LGI Homes (LGIH) stock is down ~18% since my previous article “LGI Homes: Justified Rally, But Don't Chase It Here”. In my opinion, this was an expected correction and it has brought the stock back to a buy zone.

Reduced interest rates have increased the home affordability to a 3 year high. The demand for LGI Homes’ entry-level homes is strong and through this article, I aim to explain a 3 year projection for the company to support my investment thesis.

Growing no. of active communities and home closings

Source:

Read more ...