M/I Homes – No Margin Of Safety Even With Optimistic Scenarios. (NYSE:MHO)

Aerial view of residential houses at autumn (october). American neighborhood, suburb. Real estate, drone shots, sunset, sunny morning, sunlight, from above


Investment thesis

From 2005 to 2022, there was a 0.71 correlation between the homes delivered by M/I Homes, Inc. (MHO) (M/I) and Housing Starts. Housing Starts are cyclical making M/I a cyclical company.

M/I revenue grew at 8 % CAGR during the

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *