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