UCP, Inc (UCP) is a west coast land developer / homebuilder that recently completed its IPO just over a week ago hitting the public market after the close of business on July 17th. The IPO priced at $15 per share, which was at the low end of the expected range of $15 - $17 per share. The IPO hit the market at an inopportune time, as the frenzy and fear over rising interest rates was at a fever pitch with its greatest impact being felt by housing related names. Since the time of the IPO, shares of UCP have traded down to about $14 per share. The opportunity for investors to profit from an investment...
UCP Inc: Hybrid Real Estate Play Offers The Most Short-Term Upside In Real Estate
Jul 24 2013, 07:00 | about: UCP
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Editor's notes: UCP's poorly-timed IPO creates a buying opportunity. With a portfolio of undervalued land holdings and a cheap valuation to book, the company's shares have 75% upside.