Money Investor
Long/short equity

KB Home: Large Amount Of Idle Land Inventory And Debt

One important tenant I will take away from my in depth research of homebuilders is that only an in depth review of the balance sheet for these companies will give you the insight you need to make a wise investment. This may not always seem to be the case as the group generally rises or falls in concert, with the weakest or strongest companies only moving slightly further than those in the middle of the pack. KB Home (NYSE:KBH) has benefited significantly from the housing recovery. It has positive attributes such as its significant concentration of inventory in California which is a state that was hit the hardest during the downturn and is now arguably showing the strongest...

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