Aug. 6 at 2:09 PM
My latest on home builders: "M/I Homes Breaks Out As A Part Of The Builder Bearish To Bullish Reversal" https://seekingalpha.com/article/4809361?gt=44204a5a1066bb4d
$MHI #earnings #housingwatch
* M/I Homes' bullish management outlook and strong balance sheet support a tactical buy despite recent softness in demand and margin dips.
* Q2 results showed record revenue and deliveries, but new contracts and backlog declined year-over-year, signaling caution for underlying growth.
* Management's guidance reassures that margins are likely bottoming, with analysts maintaining a strong buy rating and potential upside if rates fall.
* A breakout above the 200DMA and favorable valuation justify my tactical trade, but I remain cautious due to seasonal stock market risks ahead.