- The aftermath of the financial crisis in 2008 led to significant under building of single-family homes in the last decade.
- BLDR, as the largest supplier of home building materials in the US, is poised to benefit from the coming house building boom.
- At 7.4x earnings with significant top and bottom line growth, BLDR is materially undervalued.
- The company is also buying back stock aggressively, which will be a significant tailwind for EPS growth.
- Shares have sold off more than 20% recently and are a buy under $70.
For further details see:
Macro Tailwinds Point To Attractive Returns For Builders FirstSource