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NVR Looks Built For A Downturn

Mar. 13, 2023 6:05 PM ETNVR, Inc. (NVR) StockDHI, KBH, LEN, MTH, PHM1 Comment
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  • NVR differentiates itself by avoiding land speculation and maintaining a strong, net cash balance sheet.
  • NVR's strategy results in high double digit returns on invested capital, solid growth and low financial risk.
  • Homebuilding is a cyclical industry, and home affordability in the US points to an impending downturn, but NVR is poised to capitalize on industry weakness in my view.

A large gray craftsman new construction house with a landscaped yard and leading pathway sidewalk

ucpage/iStock via Getty Images

Company background & description

NVR (NYSE:NVR) is one of America’s leading homebuilders. The Company serves homebuyers in 35 metropolitan areas in fifteen states, including, Maryland, New York, North Carolina, Virginia, Ohio, Indiana, Illinois, South Carolina, Pennsylvania, Tennessee, Florida, Delaware, West Virginia, New Jersey and Georgia, as well as Washington, D.C.

This article was written by

Oyat profile picture
Oyat (www.oyat.com) is a Swiss-based family office focused on managing our own capital, as well as helping other families and individuals meet their financial goals.Our principal goal is the long-term preservation and appreciation of capital in real terms. We are active across asset classes, including private and public equities, fixed income securities, real estate, precious metals, as well as alternative investments. Our background and specialization is in global equities. Our investment process focuses on owning competitively-advantaged companies at reasonable prices.We also like to engage with the Seeking Alpha community to hear other viewpoints and share our opinions.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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Comments (1)

Tomas Riba profile picture
Thank you for the great analysis. I believe analysts (myself included) don't see a downturn soon because of the huge shortage in the U.S. housing market. But I agree that in a 2008 scenario, $4,000 would be a great price to buy or increase the position.
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