I just had a look at DHI’s 10q. Looks like a screaming buy to me.
I’d love some suggestions on real estate stocks to short.
I want to hedge my imprudently oversized RE portfolio by shorting overvalued RE stocks.
But I just can’t find any.
I somehow made a few percent shorting invitation homes, a SFH rental REIT. I covered it because it seemed underpriced after it fell by about 5% as RE prices rose about 25%.
My only RE short is a mall REIT, SPG. I am very bearish on malls. But even SPG doesn’t strike me as drastically overvalued. So many tech stocks have -50% margins and P/S well over 10, and quite a few aren’t even growing!
