PHM - Time To Enter LGI Homes

Since we last wrote on LGI Homes (LJIH), the stock price has fallen about 15% from ~$83 per share to barely more than $70. Our tactical timing could definitely have been better; however, nothing has changed the growth trajectory and current levels represent an even better entry point. Earnings was solid and the outlook remains undimmed.

We go through:

1. Q3 earnings results and earnings call comments.
2. What has changed since the earnings announcement.
3. We examine whether LGIH's debt levels are appropriate.
4. What does the valuation look like now.
5. The goal to grow into a Top

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