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Posted by
Two Blokes Jun 24 -
Filed in
Stock
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KB Home's business is deteriorating, with weak demand, shrinking backlog, and ongoing margin pressure due to high rates and excess inventory. Guidance was cut sharply, with revenue and earnings likely to decline further; consensus estimates remain too optimistic for 2025 and 2026. The stock trades at a discount to book value, which offers some margin of safety, but risks remain high given KBH's exposure to first-time buyers.
