LGI
Lazard Global Total Return & Income Closed Fund
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BBIG should be the main focus rn this is the real play
Will Biden’s executive order mean a red week for S&P?
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I follow the line of reasoning and agree with the basic concept, but would be cautious about going all-in GPIQ or similar funds. IMO it's OK for *part* of an income portfolio, but not 100% because there are pros and cons to get that high yield. ETFs like GPIQ trade the upside potential for income, but at the same time don't really offer downside protection. There's also data showing these types of ETFs underperform similar higher-yield or dividend ETFs measured by total return. Also tax quirks outside a retirement account. Some of the other possible problems are outlined here: https://www.etf.com/sections/features/buy-write-funds-high-yields-obscure-some-risks YMMV but I'd prefer to split among 2 or 3 high-yield options that each use a different strategy, to minimize risks. Sort of pulling this out of my ear to illustrate the point, but ... 40% GPIQ for covered call and stock income; 30% ADX, LGI or PHK for some older established closed-end funds with 6-8% yield target if not higher, and can use a bit of leverage; and 30% in a high-yield short-term bond ETF like SHYG that has a current ~7% yield. You'd be spread across different strategies and assets with this sort of allocation.
We are doing work for Trumark right now , they have 2 tracts going right next to eachother , they are only going to do 2/3 of the first tract and holding off on the last part. Lennar has been quiet , havent seen much out of Meritage since we finished their tract a couple years back , same for KB. We used to do a ton of work for Brookfield , but its been a few years since we worked with them but we did send out a last second proposal to them last week , so we might see something. LGI is supposed to start another tract in April , but they are kind of slow moving. Down here I doubt the developers doing anything under 550k. Think the tiny townhomes we are doing are probably 600k+ and New Home developers said they weren't moving at all. Seems a bit choppy at the moment...
“Homebuilder stocks are up today due to positive housing market sentiment driven by expected <<aFederal Reserve interest rate cuts>>, strong operational updates from specific builders like LGI Homes (increased closings), and a potential shift in market dynamics, including a proposed ban on large institutional investors in single-family homes, which favors individual buyers. Investors anticipate lower mortgage rates to stimulate buyer demand, leading to a hopeful start to 2026 for the sector despite past challenges” Coming from AI
my 15 call expired this week, back in at 20 for jan. LGI retards
I'm in for 1000 shares LGI - hopefully can get even half of that lol
LGI Homes is one I used to do some work with, as far as I know they are publicly traded.
All of them. DHI, PHM, LEN, GRBK, LGI. XHB is a homebuilder ETF. ITB is a home construction ETF. None of them deserved their pops today. 2023 is going to be brutal for that industry. BRUTAL. Costs are up, land prices are up, new home supply is up, mortgage rates are up, mortgage demand has plummeted, rents (competition) are beginning to fall, existing home prices (competition) are falling, cancellations on existing contracts are through the roof, the cost to buy a new home is insane--no one can afford to buy in 6 months when we don't have jobs (I think I read that it would take a $230,000 annual income to afford to buy the median home today). This is not financial advice. It's easy to find this out by reading a few articles.
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First-time homebuyers can still look into FHA loans - LGI homes is a developer that specializes in zero-down homes and they build them in suburban areas We are effed, yes - but there are still some options out there and the fat lady hasn’t sung yet
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well be making huge moves then everyone will see LGI
I'd buy a earnings call on CCS/M/I, but not LGI. Take a look at price to earnings multiples, and future price to earnings multiples for a variety of homebuilders. The sector is poised to boom even further than it has, but it's always better to buy companies that have lower valuations (with the caveat that there's no reason for it) and higher ROE and higher future P/E (growth). Their debt looks super safe to me as well, M/I homes was upgraded to the first rung of investment grade, and CCS was upgraded to one step below investment grade with a positive outlook by Moody's. I've taken a look at a ton of financial statements for home builders, and especially for these two. Read through earnings calls for Lennar and KBH. If you look here: [https://www.reddit.com/r/wallstreetbets/comments/nwtg7n/ccslennar\_like\_good\_god\_ccs\_is\_making\_me\_hot\_and/](https://www.reddit.com/r/wallstreetbets/comments/nwtg7n/ccslennar_like_good_god_ccs_is_making_me_hot_and/) this was my first of 2 DD's on homebuilders, and I perfectly called the Lennar play. It boomed on Earnings the next day, and then boomed even more the day after. At one point it was up over 10-11% for the week intra-days. Penny had the right idea with his KBH call, but (as i explained to him) the wrong stock. KBH was valued at over 12 price to earnings, and so even though they beat earnings by between 10-15% and increased guidance that 2% revenue miss fucking knocked them the fuck down to a price to earnings multiple of 9 or a bit above it which was roughly in line with Lennar. I'm not going to keep waxing eloquent about home builders, but you can see the numbers in their financial statements, and you can see my 2 DDs (my most recent one was much more detailed). I have September 65 Calls for CCS, and commons in both CCS and M/I homes. If need be I'll roll the calls, but I'm confident in them.
LGI is the most overvalued, as far as i can see (though i didn't do a thorough job looking). It's got a p/e ratio of 11.28. Analyst have 2 sell ratings, 4 hold ratings, and only 1 buy rating. Forward p/e ratio is 10.70. Home builders, traditionally, are mean to sit at around 10 times earnings but because of the huge runup and (dare i say) uncertainty about the cyclical v. secular they are way below that in some cases (and below for pretty much every homebuilder). With that said, when earnings come out en masse, guidance's are raised across the board, and they keep smashing ER's into Q4 2021, Q1 2022 then you'll start seeing a more bullish multiple assigned to them (in my humble opinion). So just be careful with LGI homes, but if i was doing an earnings put, i would do one on LGI around its earnings.
I'm bullish on pretty much every homebuilder with a P/E below 11. With that said, while KBH is a fine buy, M/I homes and CCS have a much (MUCH) lower trailing P/E ratio, forward p/e ratio, and a price to sales and forward price to sales ratio. The problem with KBH, as i espoused to Penny after the earnings call, was that the market was pricing KBH for perfection. It had a price to earnings ratio above 12, and if you noticed, it went all the way down to 9 where Lennars P/E was at the time. If you look at the 5 year chart for Lennar/KBH vs. M/I Homes and CCS the latter just clearly outperform the former even with Lennars recent run and the latters slide down. Ultimately, i'm just incredibly bullish on M/I homes and CCS (CCS also offers a sixty cent annual dividend), because i think they are so fundamentally undervalued that the highs are higher, and the lows are higher (not lower) too. Their already priced for failure around earnings and for forward guidance. The historical price to earnings ratio is 10, but i think the street needs to see some more earnings to be convinced that the cycle is secular and not cyclical. I wouldn't advise buying LGI homes, as the downside is much higher than the upside.
Isn't that insane? In Houston it was like a majority of houses were purchased by private equity. That was actually why I bought up shares in LGI homes in January. I felt that spac builders would benefit alot in that environment. That stock appreciated like 80% and I got out of it since.
That’s an awesome breakdown. I’m IN! My brother in law worked for LGI Homes (LGIH) in FL, they went from lows in the $30’s April 2020 to almost $155 now. Insane. I should have bought a thousand....
Sold $WISH way too early... but in $SOFI & $LOTZ. LGI
Palmieri finally coming through!! LGI!!
I still see the love for GME in here. LGI!!! ❤️
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Not trying be confused with LGI - let's get it.
Kia Cars must have an ADR. To be made in South Korea or here usa perhaps. Kia likely has an Amer. Depositary Receipt.in USA dollars = ADR. Like Samsung. LGI or TOY.
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Eat ur greens baby, LGI
LGI builds cheapish homes primarily in Texas. Their stock has traded sideways for a while but i think they're a good long term hold.