Introduction
This month’s Opportunity Report features an underfollowed gem that is well positioned to benefit from the secular trends in the housing market. The Company is founder-led, with a proven track record and a substantial equity ownership to incentivize performance, and it has unique exposure to housing markets that are poised for continued above-industry growth. It is extremely well financed to pursue these growth ambitions, with industry-leading profitability and a well-structured balance sheet with low debt at attractive fixed interest rates and minimal near-term maturities. Despite all these attractive (and mostly industry-leading) features, the Company trades far below slower-growing peers that have inferior profitability metrics and balance sheets, suggesting substantial upside ahead.