Bernard Horn Comments on Taylor Wimpey

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Oct 22, 2020

The only sector detractor of note was U.K. homebuilder Taylor Wimpey (LSE:TW., Financial), which declined after the company announced lower housing completions in fiscal year 2020 due to COVID-19 distancing restrictions. This short-term headwind is expected to reverse course in the second half of 2021, with Taylor Wimpey's management projecting firmer order books as construction resumes.

From Bernard Horn (Trades, Portfolio)'s Polaris Global Value Fund third-quarter 2020 letter.

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