LGIH - LGI Homes Is A Very Well-Managed Fast-Growing Homebuilder
- The company shows impressive revenue growth and a 25% ROE figure.
- Average selling price has been growing at a CAGR of 7.8%, faster than general house price appreciation rate, although some limitations apply.
- Despite these facts, the company is trading at a very conservative valuation as compared to its historical earnings multiple.
- I would add this company into my homebuilder portfolio as a long-term asset. Despite a possible economic downturn, quality management should be able to make this work in the long run.
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LGI Homes Is A Very Well-Managed, Fast-Growing Homebuilder