Jul. 10 at 3:04 PM
"Buy And Wait On Century Communities"
* Century Communities remains a buy at deep value, supported by a strong balance sheet and despite sector-wide secular headwinds.
* CCS faces margin and demand headwinds, with gross margins at historic lows and Q1 deliveries down 12% year-over-year.
* Despite revenue and delivery declines, CCS maintains robust capital management via buybacks and a 2% dividend, with debt-to-capital stable at 32.2%.
* Valuation is compelling: CCS trades at a rock-bottom 0.73 P/B, offering 33% upside to historical cycle highs if market conditions normalize.
https://seekingalpha.com/article/4921113?gt=e207d4df3da9b528
$CCS $BZH $DFH $TMHC #housingwatch #homebuilders
