Lennar: Berkshire Owns 12%, And The Stock Trades At 0.83x Book

Lennar, a homebuilder, has revealed that Berkshire Hathaway has taken a 12% stake in the company, making it one of the largest shareholders.

The stock is currently trading at 0.83 times its book value, indicating that the market may be undervaluing the company.

Lennar's stock price has been volatile in recent months due to concerns about the housing market.