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Lennar: Hold Rating For The Near Term

Mar. 24, 2023 12:18 AM ETLennar Corporation (LEN.B), LEN
Jay Capital profile picture
Jay Capital


  • To succeed, LEN.B must maintain momentum towards an asset-light business model, operational discipline, and a healthy balance sheet.
  • LEN.B's dynamic pricing model, incentives, and focus on digital marketing are expected to increase through-cycle margins.
  • I am recommending a hold rating for the near term to tide through FY23.
Large Home Exterior Nevada



For Lennar Corporation (NYSE:LEN.B) to succeed in generating returns in the coming years, I believe it must maintain its momentum toward an asset-light business model. LEN.B's size, operational discipline, and healthy balance sheet are three of the most important fundamental factors that

This article was written by

Jay Capital profile picture
I take a fundamentals-based approach to value investing.I disagree with the common misconception held by many investors that low multiple stocks must be cheap. I look for companies that offer the best long-term durability at the most affordable prices. Consequently, I have a propensity to be drawn to companies with steady long-term growth, no cyclicality, and a robust balance sheet.Nevertheless, investing in successful company is risky because one may end up paying too much (this is where valuation matters). I firmly believe this, yet there are situations where the development runway is so vast that price matters much less in the immediate future.

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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