Wells Fargo Covers LGIH....

Wells Fargo Home Initiates coverage;

OutPerform: $DHI $FBHS $LGIH $MAS $TOL

Market Perform: $CAA $KBH $LEN $MDC $MHK $MTH $NVR $PHM $TMHC $TPH

JT
Long LGIH & MTH

Can I trust Wells Fargo?

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Of Course. They would never put corporate profit ahead of their customers’ best interests!

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Well it is better than a sell rating…

More concerned about this though…
http://www.investors.com/news/economy/pending-home-sales-fal…

Ant

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“An increased number of prospective buyers appear to be either wavering at the steeper home prices pushed up by inventory shortages or disheartened by the competition for the miniscule number of affordable listings,” said NAR chief economist Lawrence Yun in a statement.

This seems ok for LGIH to me, given that they sell more affordable homes. Of course the market isn’t always rational.

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