Mar 07, 2022 / 12:30PM GMT
Buck Horne - Raymond James & Associates, Inc., Research Division - SVP of Equity Research
Good morning. Really appreciate you getting up early and doing the leadoff slot with us this morning. My name is Buck Horne, I'm the housing analyst at Raymond James. Just really thrilled to be able to reintroduce to you, PulteGroup and Bob OâShaughnessy, the CFO of Pulte, to talk about housing.
Lots of interest in what's going on in the housing market right now. It's about as fascinating and maybe it's frustrating at time. I can remember as a housing analyst covering the sector because of the divergence we see the disconnect between what the market seems to be pricing in and telling us what is about to happen to the housing market versus what is actually happening in the housing market in the field right now.
Certainly, a lot of concerns about where interest rates are going to go, but we think that continues to have opened up a tremendous opportunity in stocks like Pulte's as well as other builders who remain very constructive trading at what 5x. This year's guided earnings thrown off 30% plus
Pultegroup Inc at Raymond James Institutional Investors Conference Transcript
Jan 23, 2024
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