Marje
Introduction
It is time for the quarterly review of one of my favorite companies that I have analyzed here on Seeking Alpha: Cavco Industries (NASDAQ:CVCO). I first initiated coverage of Cavco Industries on September 19, 2023, rating
Quarterly Update: Analyzing Cavco's Triumph In Affordable Housing
Summary
- Cavco Industries is a leading producer of manufactured homes in the US, offering affordable alternatives to traditional homebuilders.
- CVCO stock is not as cheap compared to 7 months ago as it surged 40% since my initial coverage, but that doesn't mean this story is over.
- Macroeconomic trends, including a strong economy and declining house affordability, continue to support Cavco's growth prospects.
- I reiterate my "Buy" rating, as I believe the stock will continue appreciating in the medium term.
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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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