Meritage Homes Corp (NYSE:MTH)
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The Company is a designer & builder of single-family attached & detached homes in southern & western US. It offers a variety of homes that are designed to appeal to a range of homebuyers, including first-time, move-up, luxury & active adult buyers.
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A beaten down home builder. It's way off it's 52 week high of 68.34. It has a P/E Ration of 3.87 and a P/B of less than 1. I believe this is a market over reaction. A well run company with a pretty good upside. However this upside may take a while to reealize, but at these levels I believe it's an opportunity.