GRBK - Green Brick Partners

[thepupil]

Since 8/16/2014, GRBK is down 60% and FOR is down 32%. I own FOR and did not short GRBK. Being "right" doesn't feel so great  ;D The right move was to own neither!

[folivera13]

Market seems to be pricing big recession for homebuilders...

[folivera13]

Why I am Long Green Brick Partners (GRBK): www.oozingalpha.com/7762-2/

[valueventures]

Anyone looking at Green Brick as a way to play the continued Sun Belt (Texas, Georgia, Florida, etc.) migration?

 

Stock was up big in 2020 and should continue to see strong industry tailwinds for homebuilding. Benefits from low debt to capital and strong gross margin. Doesn't have the ROIC of an NVR, but still in its relatively early innings. Here's their fall 2020 investor presentation for reference: https://greenbrickpartners.com/wp-content/uploads/2017/09/Fall-2020-Investor-Presentation-FINAL.pdf

 

As a refresh, Einhorn at Greenlight has a ~50% ownership stake.

[Gregmal]

Yea this one is a little gem. Ive owned it on and off over the years as its provided some really awesome trade opportunities, including during the recent covid crash, due to being somewhat illiquid. Incredibly well run. Dont have it anymore but see this and LGIH as part of the Sun Belt boom that will inevitably continue on.