Professional
Added to YB: 2025-03-19
Pitch date: 2025-03-18
LSEA [bullish]
Landsea Homes Corporation
+56.11%
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 engages in the design, construction, marketing, and sale of suburban and urban single-family detached and attached homes in Arizona, California, Colorado, Florida, Texas, and Metro New York.
Market Cap
$408.2M
Pitch Price
$7.20
Price Target
15.00 (+33%)
Dividend
N/A
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)