Homex
HOMEX
pitch
long
CSIMA Investment Ideas Club
Thesis
The 9.75% senior guaranteed 2020 USD notes of Homex are expected to provide a strong return due to their guaranteed nature and the company's potential for recovery in the housing market.
Did it work?
inconclusive
confidence: low
Without specific price performance data or a clear timeline for the expected recovery in the housing market, it's difficult to assess whether the thesis has played out. The guaranteed nature of the notes suggests some level of security, but without knowing how the market has reacted or how much time has passed, the outcome remains uncertain.
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