NVR - NVR: Buying On Dips Still Recommended
NVR Inc. (NVR) is one of my favorite homebuilders. Although the company only releases an earnings statement every quarter (no earnings call, no presentation), there is plenty of information to get excited about. The company has a history of shareholder distributions through buybacks and has not reported falling earnings once in the prior two years when homebuilders were challenged by affordability-related difficulties. That said, the just-released fourth-quarter results where once again better than expected while new orders and prices are starting to stabilize. As long as housing indicators remain positive, I think we