Disclaimer: The views expressed here are mine and may change without notice. Past performance is not indicative of future results. All investments carry risk, including financial loss. This analysis is for educational purposes only and does not constitute investment advice or recommendations of any kind. Conduct your own research and seek professional advice before investing. Please see important disclaimers here and here.
Bad news is an investor’s best friend. It lets you buy a slice of America’s future at a marked-down price
- Warren Buffett (source)
I think this idea travels well to the UK homebuilding sector, which has been going through a rough stretch that's left most homebuilders trading at depressed valuations. One example is Watkin Jones (WJG). At the height of the 2022 bull market, the stock traded as high as £ 268p. It recently changed hands at £ 18.4p — well below its tangible book value of roughly £ 44.4p per share.
