$LEN Lennar Tape Reports
Per Ticker.id: $LEN Lennar Tape Reports — 4 podcast mentions across 4 podcasts (30 days), latest 2026-08-20 20:30 UTC.
Yeah, so for simplicity, I'm going to refer to it as eXp because that's still the brand name they use. Um, the real estate market does remain, quote, frozen, as Home Depot CEO recently put it. But there are a few real things to unpack here, both good and bad. Uh, so on the upside, eXp, their model's working. They continue to gain market share. You're gaining share of a declining market, but that's setting yourself up for success when things turn around. Uh, they just reported a record quarter This is a real estate business we're talking about. In Q2, revenue grew 11% year over year. Sales volume grew by 15%. I promise you, home sales volume overall didn't grow by that. They're gaining share. Uh, adjusted EBITDA more than doubled. Plus they're a debt-free company. They have $111 million in cash. This is a sub-$800 million market cap company. They have that 4.2% dividend yield, but I wouldn't worry about sustainability if they're not GAAP profitable. We'll get to that in a second. They are cash flow positive. Their dividend's well covered by their cash flow. I agree with that Berkshire angle. They're betting big on housing. They own Clayton Homes, which I can make the case is a $25 billion company all by itself. They just bought Taylor Morrison. They increased their stake in Lennar by 30%. They own one of the largest real estate brokerages, which by the way is a direct competitor with eXp. Worth noting, existing home sales are more depressed than new homes, which Berkshire seems to be leaning a little more into the new home sales. I mean, the bottom line is I don't necessarily think the company's a lost cause. It's a cash-flowing business. It's gained market share. I would not expect market-beating returns from the stock until we get a serious housing recovery.
Matt Frankel — Motley Fool Hidden Gems Investing · Is AI the Answer to Big-Box Retail’s Woes? · 2026-08-20Berkshire's clearly betting that the housing cycle is going to turn. I mentioned that they just paid $8.5 billion to acquire Taylor Morrison, the big home builder. That's on top of already having exposure through both Clayton Homes and their big real estate brokerage, Berkshire Hathaway HomeServices. I also mentioned I can make a good case that Clayton would be worth $25 billion or so as a standalone company. So it's really interesting that Berkshire added to other homebuilding stocks as well during the quarter. D.R. Horton, they have in their portfolio. It's a very small position. I wouldn't even call it a starter position, but Lennar is a significant investment for them, and Berkshire just increased that by 30%. They're really betting that pent-up demand and a general housing shortage in the US is gonna lead to a surge in demand, especially if and when interest rates start to fall. So it's a very hidden gems approach, I would call it. Home builders are cyclically cheap, and Berkshire is definitely going against the crowd here. The most investors see high mortgage rates and poor affordability of housing, not pent-up demand and favorable unit economics of housing. So even after paying a premium for Taylor Morrison, Berkshire still paid a pretty low PE ratio for that company. They're buying the US housing recovery and they're buying misunderstood cyclically cheap leaders. Pretty fair prices right now.
Matt Frankel — Motley Fool Hidden Gems Investing · Berkshire Hathaway Hasn’t Done This in Over 3 Years · 2026-08-17Good morning, everybody. Welcome to Squawk Box right here on CNBC. We are live from the Nasdaq MarketSite in Times Square. I'm Becky Quick, along with Andrew Ross Sorkin. Joe is off today. Berkshire Hathaway bulking up on Alphabet shares. According to Berkshire's latest 13-F filing, it bought $17 billion worth of Alphabet stock in the second quarter. That made Google, the Google parent, the third largest holding in Berkshire's equity portfolio, which is worth more than $36 billion. That holding. Berkshire's biggest stakes are in Apple and American Express. About 60% of the more than 48 million Alphabet shares that Berkshire added came in a private placement sale that the companies announced back in early June, but it was buying in the open market as well. And in other moves, Berkshire added to its position in Delta Air Lines and, and in Macy's. It also added to its stake in the homebuilder Lennar, and it bought back shares of Berkshire too.
Becky Quick — Squawk Pod · OpenAI President Greg Brockman: Now Is the Time to Act 8/17/26 · 2026-08-17