Category Archives: Consumer Discretionary

After the Quick Rebound, Investors Should Approach Homebuilding Stocks with Caution

Homebuilding stocks have been on a wild ride in 2020.  They boomed from the start of the year, rising 19.1% (according to my index of 11 publicly-traded builders) to February 21, handily beating the 3.0% gain on the S&P 500 … Continue reading

Posted in Consumer Discretionary, Housing, Real Estate | Tagged | Comments Off on After the Quick Rebound, Investors Should Approach Homebuilding Stocks with Caution

Recent Observations on Bed Bath & Beyond

The investor optimism that followed the October 2019 appointment of Mark J. Tritton as Bed Bath & Beyond’s CEO and continued after the company gave a preliminary upbeat assessment of its performance early in the Christmas selling season gave way … Continue reading

Posted in BBBY, Consumer Discretionary, Consumer Staples | Tagged , | Comments Off on Recent Observations on Bed Bath & Beyond

A Strong Start for Housing

2019 was a solid year for U.S. housing.  While still subject to modest revisions, government figures show that new residential sales increased 10.4% from an estimated 617,000 units in 2018 to 681,000 units in 2019.  Single-family housing starts advanced 1.4% … Continue reading

Posted in Consumer Discretionary, Housing | Tagged , | Comments Off on A Strong Start for Housing

Homebuilder Stocks Fall as Optimism About Global Economic Growth Rises

Homebuilding stocks have been the best performing of the 150-odd sectors in the Dow Jones U.S. Total Market Index, up 44.4% over the past 12 months as of November 8. Last year, they declined sharply in the face of Federal … Continue reading

Posted in Consumer Discretionary, Housing, Real Estate | Tagged , , | Comments Off on Homebuilder Stocks Fall as Optimism About Global Economic Growth Rises

A Solid First Half for Housing and the Builders

A typical analysis from policy makers, like the Federal Reserve, points out that activity in the housing market has declined so far this year; but that assertion focuses primarily on housing starts.   A more complete picture from the national data … Continue reading

Posted in Consumer Discretionary, Housing, Real Estate, Uncategorized | Tagged , | Comments Off on A Solid First Half for Housing and the Builders

An Update on Bed Bath & Beyond

Shares of Bed Bath & Beyond have sold off sharply in recent weeks, but the stock is exceptionally cheap vs. its peers. If new leadership can accelerate the company’s transformation plan successfully, the shares have significant upside potential. The article explores both risks and opportunities for Bed Bath & Beyond as it enters the next phase of its transformation plan. Continue reading

Posted in BBBY, Consumer Discretionary, Consumer Staples | Tagged | Comments Off on An Update on Bed Bath & Beyond

Bed Bath & Beyond’s Next Generation Lab Store

A tour (with pictures) of the Bed Bath & Beyond East Hanover store. Continue reading

Posted in BBBY, Companies, Consumer Discretionary, Consumer Staples | Tagged | 1 Comment

Impairments Spark a Sell-Off, But Position BZH for an Earnings Rebound

Beazer Homes (BZH) reported a fiscal 2019 second quarter loss of $3.28 per share, compared with earnings of $0.36 per share in the comparable prior year quarter.  The loss included a large impairment charge and a much smaller gain on … Continue reading

Posted in BZH, Consumer Discretionary, Housing | Tagged | Comments Off on Impairments Spark a Sell-Off, But Position BZH for an Earnings Rebound

Meritage Homes (MTH) 18Q1 Results

Meritage reported 18Q1 diluted EPS of $0.65 per share, down from $1.07 last year, but a penny ahead of consensus estimates.  Home closing revenue declined 4% to $698.7 million, as a 2% increase in unit closings was more than offset … Continue reading

Posted in Consumer Discretionary, Housing | Tagged , | Comments Off on Meritage Homes (MTH) 18Q1 Results

PulteGroup (PHM) 18Q1 Results

PulteGroup reported first quarter earnings of $166.8 million or $0.59 per share, even with a year ago, but still well ahead of the consensus estimate.  Revenues were just short of $2.0 billion, up 1.4% from the prior year.  Unit closings … Continue reading

Posted in Consumer Discretionary, Housing, Real Estate | Tagged | Comments Off on PulteGroup (PHM) 18Q1 Results