Money Investor
Long/short equity

Taylor Morrison: Noisy Quarter Post IPO Clouds Significant Operational Gains

Taylor Morrison (NYSE:TMHC) was previously highlighted as an under the radar play on the housing market recovery after the company returned to the public markets with a successful IPO earlier in 2013. Since that time, the stock has fallen a little over 15%, moving down with the overall housing sell-off but not nearly to the extent of some other builders that are down 30% or more over that period of time. Taylor just recently reported its Q2 2013 earnings report and the stock was down almost 10% on the day as the market digested new home orders that appeared to come in below the consensus expectations. However, as has been the case with a number of the other...

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