Browsing articles tagged with " home builders"
David Tepper said he was buying the home builders, KB Home being one of them. That took some guts. However, it probably wasn't the best idea. Especially if you were somebody who went along with Tepper and bought KB Home. Tepper wasn't the only stock trading 'guru' who said you should buy the home builders though, James Altucher was another contrarian investor, although he didn't have KB Home on his list of home builders to buy. Reuters has the details on KB Homes earnings report this morning:
The Los Angeles-based homebuilder that targets first-time
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Reuters Pictures David Tepper, the legendary Appaloosa Management hedge fund guru, has made a big bet on home builders, just when these stocks are perhaps most hated. He did the same with the bank stocks bank in 2009, at the nadir of the collapse of the stock market, which turned out to be an ingenious investment. Buying stocks that are hated is something that Warren Buffett favors as well. It does take some guts though to step in and buy the home builders, especially when they are now talking of a double dip in the housing market. Tepper bought these
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