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    Sam Red

    Vice President and Equity Research Analyst at Wells Fargo & Company

    Sam Red is a Vice President and Equity Research Analyst at Wells Fargo Securities, specializing in the consumer discretionary sector with a focus on specialty retail and branded apparel companies. He covers prominent firms such as Foot Locker, Nordstrom, and Gap Inc., and is recognized for his detailed research and market insights, which have contributed to a solid track record of successful stock recommendations and a positive average return for his clients, as highlighted by his performance on TipRanks. Sam began his Wall Street career in equity research in the early 2010s and joined Wells Fargo in 2016 after progressing through analyst roles at smaller regional firms. He holds his FINRA Series 7, 63, and 86/87 licenses and is noted for his analytical rigor and industry recognition within the retail investment research community.

    Sam Red's questions to Smith Douglas Homes (SDHC) leadership

    Sam Red's questions to Smith Douglas Homes (SDHC) leadership • Q3 2024

    Question

    Sam Red questioned the order cadence during the quarter, particularly the slowdown in September and October, and asked for any early observations on buyer traffic post-election. He also inquired about the strategic benefits of the newly announced mortgage joint venture.

    Answer

    CEO Greg Bennett confirmed that traffic was softer and buyer conversions were slower in September and October, which he attributed to pre-election hesitancy. He noted some encouraging post-election signs but stated it was too early to identify a trend. CFO Russ Devendorf added that the new mortgage JV with loanDepot is primarily aimed at achieving consistency and control over the closing process across the company's footprint.

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