Millrose Properties Stock: Book Value Remains A Likely Ceiling (NYSE:MRP)

Core Insights - Millrose Properties (NYSE: MRP) has shown strong performance since its spin-off from Lennar (LEN), with a stock increase of 34% over the past six months [1] Company Performance - The stock of Millrose Properties has appreciated significantly, indicating positive market reception and investor confidence following its separation from Lennar [1] Investment Strategy - The company has a history of making contrarian bets based on macroeconomic views and specific stock turnaround stories, aiming for outsized returns with a favorable risk/reward profile [1]