Staying Bullish On Cavco Industries: A Promising Homebuilding Pick

The Alpha Oracle
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Summary

  • Most economists were wrong about 2023, and there are now mixed opinions about how 2024 is going to be.
  • Cavco Industries, a manufactured home builder, is impacted drastically by this uncertainty but is expected to benefit from strong long-term trends.
  • Resilient U.S. market and ongoing trends such as low house affordability make Cavco Industries a promising investment opportunity.

Vast trailer park, mobile home court on sunny summer morning.

JamesBrey

Investment Thesis

Until recently, the market was a lot more pessimistic. While most economists proved to be wrong about the economy and the stock market in 2023, there are a lot of mixed opinions about 2024, especially about where rates are

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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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