BLDR - Top 6 Businesses We Own: Q4 2024 Update
2025-01-15 08:00:00 ET
Summary
- Builders FirstSource (BLDR) offers a prime buying opportunity due to housing market fears, with strong free-cash-flow and a structural housing shortage supporting long-term growth.
- Paramount Resources (ENP) presents significant value with a large cash distribution and potential for high returns from future free cash flows and exploration.
- CONSOL and Arch Resources' merger could unlock synergies and value, driven by strong met coal demand and cost-advantaged production.
- Flagstar Financial's revamped management and conservative approach offer compelling value, with potential for significant upside as it resolves balance sheet issues.
The following segment was excerpted from this fund letter.