Land development and home building company’s stock NASDAQ: GRBK has been soaring from $8.75 to $11.30 since May 14 despite the quarantine self-isolation regime. There were many opportunities inside this uptrend involving volatilities that could open new rooms for quick profits. Anyway, the bandwagon still has vacant spaces before it moves slowly or stops for a while.
Q1 2020 earnings are still good during the pandemic which could decrease by $3000 and revenue slightly fell by almost $17 million. The company did very well despite the fear of COVID-19 consequences. Some building companies which operate in COVID-19 affected areas could lose their revenues seriously. As southern states are not hit badly GRBK’s operations run smoothly.
Green Brick Partners, Inc. is a diversified homebuilding and land development company that currently operates in Texas, Georgia, Colorado, and Florida.
They believe land entitlement, development and homebuilding is best run as a local business. Their mission is to expand our business by combining our strong financial resources with their Team Builders in locations across the country who have deep relationships in the communities where they live and build.