Home builders are on their way up. Most are trading well below their NCAV and this fund in particular is a good way to gain exposure with out the risk of any single company going out of business. While their assets may not be as high as their balance sheets indicate, they still have net value and many have few liabilities. Housing market will bottom June-July 09 and if the market is 6 months ahead, now is a good time to buy. Home builders bottomed out in July and given how crappy the market is, I'll bet it takes more then a year to dig out. In a year, will grow 20-40%.
$45.8 (08/28/08)
