Small Cap Homebuilder UCP Positioned for Buyout
In this article by Seeking Alpha, the contention is made that the landholdings of the publicly-traded homebuilder, UCP, the bulk of which was acquired in the downturn, is being carried on their balance sheet at a discount to current value. Hence, as the stock price is trading close to book value, for larger builders seeking to gain entry into the primarily West Coast markets in which UCP operates or augment their West Coast positions, the company might make an attractive buyout candidate.
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