At Invest For Kids Chicago yesterday,
Barry Sternlicht of Starwood Capital Group
gave a presentation on going long.
Be sure to check out all notes from Invest For Kids Chicago where numerous high profile hedge fund managers shared their latest investment ideas.
Likes Lowe's, Toll Brothers, NVR
Sternlicht is a successful real estate and hotel investor who founded Starwood Capital Group in 1991 and has structured 40 transactions. He says themes to invest behind right now are...
Sales of new homes in the U.S. soared 18% to an annual rate of 329,000 in December, the largest monthly jump since 1992 as improving markets in the West helped bolster the gains, according to the Commerce Department. Economists polled by Bloomberg News were expecting a December increase of 300,000. The impressive beat of that [...]
I received several more requests for Raw Value Worksheets over the weekend. I also had some e-mails asking how to use them.
Each Raw Value Worksheet is intended to be used as a starting point for further research, and as such, how to use them is determined by the reader.
At Wax Ink for example, we use them as a reference guide to highlight areas of the financial statement we think are weak, or require continued research.
Take Bally Technologies for instance.
The Raw Value Worksheet...
I have been so busy following the ongoing saga in financial services that I forgot to tell you about two Washington DC-area home builders in the news. Comstock, a privately-held developer, just defaulted on almost $100 million in debt. In addition, NVR, another builder, but a publicly traded company pulled a debt offering due [...]
I came across NVR this morning while flipping through some stock charts. As you can see by the daily below, it's recently broken down below $600 area support.
OK, that's not a huge deal. Sure, we could be looking at about a 10% drop down to the $520 support area from the March lows. Could be a decent [...]
Several weeks ago on December 7th, I first wrote that the home builder stocks appeared to be close to a bottom, but that they weren't quite out of the woods yet (based on the continued downtrend of the home builder ETF's and the lack of insider buying). There is also the lingering danger of news [...]
Have home builders bottomed? That's the million dollar question and a question that has popped up frequently recently following a two week 20 - 30% surge in shares of home builders. I'll tip toe half way out the limb and say yes and no. When I'm looking for a bottom in anything, whether it be [...]
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