Money Investor
Long/short equity

Taylor Morrison: Fresh Off Its IPO, This Homebuilder Is Flying Under The Radar

Taylor Morrison Homes (NYSE:TMHC) returned to the public markets in April 2013 with a successful IPO. Previously, Taylor Morrison was owned by a publicly traded British homebuilder, Taylor Wimpey. At the height of the housing downturn, Taylor Wimpey was forced to unload its North American assets, which represents the present-day Taylor Morrison. The sale was made necessary by the heavy debt load carried by Taylor Wimpey at the time. Taylor Morrison was purchased by a consortium of private investors in 2011, and just slightly more than two years later, these investors have cashed in their chips with the IPO of Taylor Morrison. Taylor Morrison is a unique investment in the homebuilding space as it was...

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