Wednesday, April 9, 2008

NVR

In my lexicon, NVR, a major homebuilder, stands for Not Very Risky. NVR was reborn in 1993 after declaring bankruptcy in 1992. The lessons learned then continue to pay off today. NVR does not tie up capital in lots, preferring instead to put options on them. The results have been excellent. The following chart describes the kind of steady stock results I prefer:
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