DR Horton: Positive Homebuilding Cycle All But Certain, Ignore Hiccups

Core Viewpoint - The stock has increased over 30% from the lows in April, indicating market recognition of the company's potential and qualitative attributes [1] Group 1: Investment Strategy - The company aims to invest in firms with strong qualitative attributes, purchasing them at attractive prices based on fundamentals and holding them long-term [1] - The investment approach involves managing a concentrated portfolio to avoid underperformers while maximizing exposure to high-potential winners [1] - The company may rate strong companies as 'Hold' if their growth opportunities do not meet the required threshold or if the downside risk is deemed too high [1]