PHM - PulteGroup: Bullish On Home Buying
Introduction
PulteGroup (PHM) stock is up only 3.82% in the past year and remains about 30% lower than its February highs, despite the company's fundamentals being stronger than the pre-COVID period.
Source: Seeking Alpha
This article explains the strength in the company's fundamentals, its strong performance in 2020 so far and its relatively cheap valuation.
Background
PulteGroup has 863 active communities in 42 markets located throughout 23 states and has 6 reporting segments of business, separated by geographical region.
The company also had a healthy backlog at the end of Q1. Backlog represents