
121% GAIN ON HOME BUILDER KBH – TAKE PARTIAL PROFITS
By Nigam Arora & Dr. Natasha Arora Signal(s) to enter, add, reduce, exit, hold or change. KB Home (KBH) is long from $16.15. It is trading at $35.74. This represents a gain of 121%. Here are the key points applicable to KBH: KBH is a home builder. Demand for housing in the price range and the geographic locations where KBH builds is strong. KBH reported earnings below the consensus and below the whisper numbers. Interest rates are rising and that is dampening sentiment for home builders. KBH trades at 1.1 times present tangible book value. This is very attractive. There is a risk of further demand slow down as interest






