D.R. Horton: Don't Freak Out From Temporary Macro-Driven Selloffs

Company Performance - D R Horton (NYSE: DHI) shares have been on a steady decline since the calendar third quarter earnings season began [1] - The decline is attributed to macro-driven worries about housing affordability and a disappointing outlook from most homebuilders, including D R Horton [1] Investment Strategy - The investment strategy focuses on companies with perfect qualitative attributes, buying them at an attractive price based on fundamentals, and holding them forever [1] - The portfolio is concentrated, aiming to avoid losers and maximize exposure to big winners [1] - Companies may be rated as 'Hold' if their growth opportunity is below the threshold or their downside risk is too high [1] Analyst Background - The analyst is an MBA graduate with an L L B in law and works as a financial analyst at a large pension fund [1]