Lenard Len's Underperformance and Forecast Downside

29 days ago

Tom

"Our homebuilder, Lenard Len, are down more than 5%. So they forecast first quarter orders, deliveries, margins all below expectations. They also posted lower than expected orders and margins for Q4. And that's despite, you know, they were doing incentives, mortgage rate buy downs, you know, pushing home deliveries up 4%, average sales prices fell. It also reduce its starts and sales pace as part of this recent strategy shift. But it's also dragging down, you know, companies like D.R. Horton, PulteGroup, Toll Brothers, their shares are all down about 1% this morning."

The speaker outlines a negative outlook for homebuilder Lenard Len, noting a decline of over 5% in its share price and forecasts of lower orders, deliveries, and margins. This commentary underscores operational headwinds and the adverse impact on associated homebuilders.

Related Stocks