Taylor Morrison Homes (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...
Taylor Morrison: Fresh Off Its IPO, This Homebuilder Is Flying Under The Radar
Jun 14 2013, 07:30 | about: TMHC
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Editor's notes: TMHC has one of the best land positions in the industry. Sector expert Money Investor points out that a valuation in line with peers would mean 25% near-term upside.