Apr. 3 at 1:50 PM
$LEN has dropped sharply as weak housing demand, heavy incentives, and a controversial land‑banking deal have crushed margins.
-The company retains a strong balance sheet, solid market position, and long‑term demographic tailwinds.
-Earnings are depressed and that
$LEN could return to much higher profitability once conditions normalize.
-Trades near book value, offering downside protection with potential upside if margins recover. -Barron's
