Forum List » Guru News and Commentaries
Guru News, Stock picks and commentaries
New Topic
Goto Thread: PreviousNext
Goto: Forum ListMessage ListNew TopicLog In
John Keeley Comments on PulteGroup Inc.
Posted by: Holly LaFon (IP Logged)
Date: December 11, 2012 10:43AM

PulteGroup Inc. (PHM) was a significant contributor over the past year and was easily the top performing security in the portfolio. The homebuilder climbed over 292 percent over the trailing twelve months and contributed 119 basis points to the portfolio over that time period. The company has been effective at controlling costs and strategically improving many of its existing communities. Despite a number of positive economic reports related to housing, it appears that the rally in the industry is getting very little respect. We continue to see sentiment indexes improving rapidly, tight supply which is creating an attractive supply-demand imbalance, and improvements in pricing. Although we anticipate some volatility during the housing recovery, with interest rates at record lows and the Federal Reserve directly supporting rates with their recent announcement, we continue to expect progress in this area and have positioned the portfolio accordingly with Pulte and a number of other positions with exposure to the housing industry.

From Keeley Funds’ 2012 annual report.

Guru Discussed: John Keeley: Current Portfolio, Stock Picks
Stocks Discussed: PHM,
Rate this post:

Rating: 4.5/5 (2 votes)

Sorry, only registered users may post in this forum.

Please Login if you have an account or Create a Free Account if you don't
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat