Taylor Morrison Home

BERKSHIRE IS BUYING STOCKS AGAIN FOR THE FIRST TIME SINCE 2022:

Source: amit

Aiyo this narrow ATH really makes me uneasy leh, when only the mega caps carry the index the breadth damn weak, I rather wait and buy on a real pullback 👀

The market is overly optimistic right now with software stocks recovering sharply as well from the Saas apocalypse. The US stock market is surging to new highs everyday, with memory stocks leading the way. Yet, staple & consumer stocks that have great fundamentals like bank stocks are overlooked and remain relatively cheap with low p/e.

As long as the market keeps going up on low volume and narrow breadth, I will not participate and just watch the FOMO crowd exhaust itself.

If Buffett's team sees enough value to pay $6.8B cash for a homebuilder today, that's the strongest possible validator for the US housing demand thesis. TMHC shareholders up big. The supply shortfall in US housing isn't going away and Berkshire just said the quiet part loud 🏦

Nothing new to mention. Markets are going up on FOMO and narratives which is always something to be wary about. The nature of the pullback will be important to indicate degree and depth of correction. Stay safe!

The narrow breath ATH is held up by the mega cap tech which still has solid results to show. this is different from the dot com era where companies are just listed based on a dot com label and a dream only, i.e. with no results to show. Any pull back could still add to mega tech with solid fundamentals but not the broad index. Maybe likewise for secondary beneficiaries related to these tech too.

📢 𝐉𝐔𝐒𝐓 𝐈𝐍: Berkshire Hathaway will acquire U.S. homebuilder Taylor Morrison Home Corporation for $8.5 billion, at $72.50 per share, implying an equity value of $6.8 billion. - $BRK.B $Taylor Morrison Home(TMHC.US) $Lennar(LEN.US) $Opendoor Tech(OPEN.US)