PSMMF - Persimmon: A Debt-Free Housebuilder To Buy On Future Weakness
Amongst British housebuilders, Persimmon (PSMMF, PSMMY) is attractive for its strong operating results and liquidity. Its shares are not cheap given possible property market challenges ahead and likely reduced dividend yield for now. But if the share price falls, it could be a good entry point into a long-term success story.
Persimmon: Housebuilder at the Lower End of the British Mass Market
Persimmon was founded in the 1970s and builds single-family homes across the British mainland. It operates under a number of brands and also offers an Internet service.
One of the