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Redrow boss plays a blinder in the still horribly distorted housing market

2019-02-10 05:07:55

There is an article of note in one of today's Sunday newspapers profiling Steve Morgan - the founder of the housebuilder Redrow (RDW) - who is on the cusp of retiring from the business for a second time.  You have got to applaud such entrepreneurial fervour and capability to have turned a £5,000 loan from his Father into a company today that is worth a cool £2.1 billion - and I hope he enjoys his upcoming retirement.  However the article was noteworthy for a couple of other reasons, one of which was mentioned...and one of which was not even hinted at.  
 

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Redrow – another housebuilder reports good numbers but the shares are overvalued

2013-02-26 13:54:35

Today it was the turn of FTSE 250 listed Redrow (RDW) to report its numbers for the 6 months to 31st December 2012 and while some of the numbers look good, some do not and there is a solid case to be made for selling this stock notwithstanding the sharp increase in earnings just reported.

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