TMHC - LGI Homes Will Sell The 'Home' In 'Work-From-Home'

The mid year update

After a strong market run it makes sense to consider where to take profits. Now the S&P 500 is teasing a return to January levels, let's catch up with LGI Homes (LGIH) and see if it is a candidate to sell (spoiler: it's not).

This is a company we have reviewed a few times, so rather than retrace basic information this research note we will consider:

1. Recent earnings.
2. Closings and active communities update.
3. Macro View - COVID 19 impact.
4. Earnings forecast scenarios for 2020.
5. Relative valuation.
6. Recommendation for buy

Read more ...