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Posted by
Two Blokes May 1 -
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Stock
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D.R. Horton's revenues and margins are declining, but the impact on EPS is being mitigated by an increase in buybacks. The strong balance sheet with a 1.1x debt-to-net income ratio allows the company to issue debt at a 4.85% rate and buy back stocks at a 9% yield. The housing market slowdown is affecting all the major homebuilders, but D.R. Horton's pricing strategy might help to navigate the situation.
