M/I Homes Is Not A Good Buy Now [Seeking Alpha]
M/I Homes, Inc. (MHO)
Last m/i homes, inc. earnings: 4/29 08:30 am
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US:NYSE Investor Relations:
mihomes.com/support/investors
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Source: Seeking Alpha
But I think the alpha bull run has run its course: The homebuilding backlog is shrinking, which warns of a slowdown in future revenues. There are downside risks to both gross margins and EBIT margins due to material and labor cost pressures and higher opex cost intensity. Technical analysis also suggests that there is powerful resistance, halting progress of a continued alpha move in the stock vs the S&P500. However, M/I Homes trades at a 32% discount to its peer group median multiples, which is what keeps me from expressing a clear bearish view on the stock. Performance assessment M/I Homes ( MHO ) has been one of my best performing picks in 2023. Since my last coverage of the stock till 2 February 2024 when I changed my 'Buy' stance into a 'Neutral/Hold', this pick has returned +148.02% compared to the S&P500's +28.46% in total shareholder return terms, leading to +119.56% alpha. Thesis After this great alpha run, I have a neutral/hold stance on MI Homes because: H
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MHO
News
- Here is Why Growth Investors Should Buy M/I Homes (MHO) Now [Yahoo! Finance]Yahoo! Finance
- Should Value Investors Buy MI Homes (MHO) Stock? [Yahoo! Finance]Yahoo! Finance
- New Strong Buy Stocks for April 29th [Yahoo! Finance]Yahoo! Finance
- M/I Homes: Strong Foundations Will Allow It To Continue Growing [Seeking Alpha]Seeking Alpha
- M/I Homes, Inc. (NYSE: MHO) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
MHO
Earnings
- 4/24/24 - Beat
MHO
Sec Filings
- 4/30/24 - Form 4
- 4/29/24 - Form 4
- 4/26/24 - Form 144
- MHO's page on the SEC website