National Association of Home Builders projecting 1527k housing starts in 2022, 1448k in 2023, and 1545k in 2024. June real data was in line at 1553k. $IBP did well at 1200k starts, it will do well over the next 2.5 years. 11x multiple on 2024 is $135. You should’ve bought at $71.
@ninadrn @junkbondinvest When rates goes up, investors demand higher return because risk free is higher. Bonds have fixed interest rates. This one is 2.7%. 30 year risk free treasuries guaranteed by the US gov are at 3.6%. So nobody wants to buy AMZN bonds. Price has to drop to compensate.
@SebastianMaril@_inpractise Doesn't Argy law work in Argentina's favor though? If corporate bylaws go against national law, national law will be upheld?