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eBay Inc. Message Board

gregbent 3 posts  |  Last Activity: Jul 8, 2016 12:23 PM Member since: Oct 19, 2010
  • The S&P500 Total Return Index which includes dividends (and yields significantly higher than 10 year UST) hits a New High... lovely

    Sentiment: Buy

  • In the 70's nearly 50% of all New Homes constructed were less than 1600 sq.ft ( i.e. starter homes) catering to young boomers looking for their first home.

    But, in 2015 only 14% of new homes constructed were under 1600 sq.ft - the lack of starter homes and condos is constraining the 1st time buyer. And LGIH is building for this huge demand.

    The average millennial is 26 years -- the leading edge are 35 (just beginning their home buying years).

    LGIH - has the right product at the right time...many more years of growth ahead.


    Sentiment: Strong Buy

  • Big new study out yesterday (From the SF Fed) Household Formation sent to soar (already starting) has been averaging 900k the last 5 years -and Now, set to rise to 1.4-1.5M per year until 2020. LGI Homes is well positioned as Renters become 1st Time Buyers --- the Average Millennial is 26 - just about to enter a 5 year up cycle for home buying.

    All Categories of Household Formation Spending are doing well - April Year to Date Retail Sales: Auto up 4.5%, Furniture up 5.6% Building Material Stores up 9.7% -- while Department Store sales are down 3.0%

    Even the Retailers who are doing poorly - highlight the positive sales in their Houseware departments -- eg. Best Buy - called out Appliances & Home Theatre. Target called out House and Garden Urban Outfitters did the same.

    Demographics are a nice tailwind.

30.67+0.05(+0.16%)Aug 23 4:00 PMEDT