Lennar: Weak Demand, Margin Pressure, And Management Departure (NYSE:LEN)

I had a hold rating for Lennar Corporation ( LEN ) previously, as I thought the valuation was not cheap enough to take the risk, especially with pricing yet to stabilize and incentive usageI’m a fundamental, valuation-driven investor with a strong focus on identifying businesses that have the potential to scale over time and unlock massive terminal value. My investment approach centers around understanding the core economics of a business—its competitive moat, unit economics, reinvestment runway, and manage ...