NasdaqGS:LGIHConsumer Durables
LGI Homes (LGIH) Stock Rebounds While Profit Margins Stay Compressed
LGI Homes just handed short term traders a 9.6% jolt, yet the real story runs deeper than a one day pop. The stock came into this print with only flat movement over the past week and a mild slip over the past month, even as the last 90 days already carried a strong run. What shook sentiment today was an earnings rebound, with Q2 basic earnings per share above the quiet Q1 level and revenue at more than US$500 million. The question now is whether buyers are reacting to a true profit recovery...