TAKE PARTIAL PROFITS ON HOME BUILDER KB HOME ON THE REPUBLICAN PLAN TO LIMIT MORTGAGE DEDUCTION $KBH $TOL

TAKE PARTIAL PROFITS ON HOME BUILDER KB HOME ON THE REPUBLICAN PLAN TO LIMIT MORTGAGE DEDUCTION $KBH $TOLThis post was just published on ZYX Buy Change Alert. 

KBH is long from $16.15.  As of this writing the stock is trading at $26.73.  40% of the full core position size is being held.

Take Partial Profits

The Republican tax plan will limit the mortgage deduction to $500,000.  If this is passed, there will be a major negative effect on a luxury builder like TOL but will have only a minor effect on a builder like KBH.  However given the large profits, it is prudent to take partial profits on another 10% tranche in the zone of $26.50 to $27.50.

30% of the full core position will still be held after this partial profit taking.

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