MHO - M/I Homes: Strong Foundations Will Allow It To Continue Growing
2024-04-28 10:07:33 ET
Summary
- M/I Homes is a high-quality, customer-oriented business that targets the rapidly growing sustainable houses market.
- It offers high margins and a very profitable cash producing business.
- It is cheaply valued right now.
- While being a fiscally conservative and with a strong balance sheet and low debt.
- A strong start to 2024 could mean a year of high growth is ahead.
Investment Thesis
M/I Homes ( MHO ) is a cheaply valued company with a solid financial foundation and a proven track record of growth. Its customer-centric business offers sustainable housing that is growing in demand. Therefore, it is an excellent candidate to buy and hold for the long term.
The House Of The Future, Sustainable And Eco-Friendly
MHO is one of the largest homebuilders in the U.S., ranking #13 in BUILDER 100. The company's houses are efficient in water and electricity use, aim for sustainability, and claim some of the industry's best warranty packages.
Their financial services provide mortgages to MHO homebuyers and round up the home-building business side....
M/I Homes: Strong Foundations Will Allow It To Continue Growing