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eBay Inc. Message Board

gregbent 7 posts  |  Last Activity: Jun 17, 2016 1:44 PM Member since: Oct 19, 2010
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  • 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.

    GLTA

    twitter.com/gregorybent

    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.

  • Reply to

    Zacks

    by freddywaters Apr 23, 2016 8:32 PM
    gregbent gregbent May 10, 2016 10:31 AM Flag

    I bought more this morning.... ahead of the conference call at 1230pm EST

    Sentiment: Strong Buy

  • I expect more consolidation in the space... Acquirers are flush with cash.

    Sentiment: Strong Buy

  • Reply to

    March Closings

    by fdawatchdog Apr 4, 2016 3:48 PM
    gregbent gregbent Apr 6, 2016 10:01 PM Flag

    are you still reviewing County records ? your assessment was 100% wrong on the # of closings in Q4 and now Q1 - you need to sharpen your pencil when making predictions of growth. you analysis is completely off base.

    Sentiment: Strong Buy

  • Reply to

    March Closings

    by fdawatchdog Apr 4, 2016 3:48 PM
    gregbent gregbent Apr 6, 2016 10:52 AM Flag

    please listen to their conference call... or re-read the transcript. you will see the light.

    Sentiment: Strong Buy

  • Reply to

    March Closings

    by fdawatchdog Apr 4, 2016 3:48 PM
    gregbent gregbent Apr 6, 2016 10:38 AM Flag

    well the market is cheering... when a Community is nearly full, absorption slows - and new Communities are added... follow the revenue and eps growth... and 3 year low in mortgage rates !

    Sentiment: Strong Buy

EBAY
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