Professional
Added to YB: 2025-03-19
Pitch date: 2025-03-18
LSEA [bullish]
Landsea Homes Corporation
+57.08%
current return
Author Info
Special Situation Investments focuses on event-driven trades and low risk arbitrage opportunities with short term catalysts. Sign up for the newsletter.
Company Info
Landsea Homes Corporation (Nasdaq: LSEA) is a publicly traded residential homebuilder based in Dallas, Texas that designs and builds best-in-class homes and sustainable master-planned communities in some of the nation's most desirable markets.
Market Cap
$411.8M
Pitch Price
$7.20
Price Target
15.00 (+33%)
Dividend
N/A
EV/EBITDA
18.50
P/E
43.17
EV/Sales
0.72
Sector
Household Durables
Category
special_situation
Mill Road Capital Sees 100% Upside in Landsea Homes, Pressures Management for Sale
LSEA: High-growth regional housebuilder at 50% TBV discount. Activist Mill Road (6.5% stake) sees 100% upside in sale, urges strategic alternatives, nominates 3 directors. Most leveraged in sector but highest growth (60% Q4 deliveries, 23% sales pace). 30-40% upside potential at 0.7x TBV vs. activist's optimistic 1x TBV target.
Read full article (2 min)