Lumber Wood Production
(MAS) Masco Corporation – Bear of the Day
Masco Corporation (MAS) is highly dependent on the U.S. housing industry. Falling prices have made homes a less lucrative investment to buyers, which reduces demand for Masco products. Rising prices of raw...
(UFPI) UFPI Beats Estimate – Future Outlook Dark
Universal Forest Products Inc. (UFPI) reported its financial results for the second quarter 2011 on July 13. Earnings per share, excluding 11 cents per share of severance and early retirement charges were...
(MAS) Masco Corporation – Bear of the Day
Masco Corporation (MAS) is highly dependent on the U.S. housing industry. Falling prices have made homes a less lucrative investment to buyers, which reduces demand for Masco products. Rising prices of raw...
(UFPI) Universal Forest Products Outlook Gloomy
Universal Forest Products Inc. (UFPI) recently announced to undertake stringent economic measures including job cuts citing weaker sales in the first five months of year 2011. The cost-reduction measures...
(MAS) Masco Retains Underperform
We reiterate our Underperform recommendation on Masco Corporation (MAS), which manufactures, sells, and installs home improvement and building products.
The company earns 75-80% of revenues from the...
(MAS) Masco Corporation – Bear of the Day
Masco Corporation (MAS) is highly dependent on the U.S. housing industry. Falling prices have made homes a less lucrative investment to buyers, which reduces demand for Masco products. Rising prices of raw...
(WY) Weyerhaeuser to Sell Hardwood Unit
Weyerhaeuser Company (WY) recently entered into an agreement to sell its hardwood and industrial products division to American Industrial Partners. Financial terms of the transaction were not disclosed.
The...
(LPX) Louisiana-Pacific Buys LP Brazil
Louisiana-Pacific Corporation (LPX) recently acquired the remaining 25% equity interest in Louisiana-Pacific-Brasil OSB Industria e Comercia S.A. (LP Brazil) through its subsidiary Louisiana-Pacific South...
(LUK) Leucadia National CorporationSells Off Fortescue Shares
Leucadia National Corporation (LUK) recently sold 92.4 million of common shares of Fortescue Metals Group Ltd. for approximately $609.2 million. The transaction resulted in a net securities gain of $527.4...
(UFPI) Universal Forest Products – Bear of the Day
Universal Forest Products Inc. (UFPI) reported quite disappointing results in the first quarter of 2011 with EPS falling 20 cents below the Zacks Consensus Estimate. The company’s top line also plummeted,...
(UFPI) Universal Forest Products 2011 First Quarter Report Results Below Consensus
Universal Forest Products Inc. (UFPI) reported its financial results for the first quarter 2011 on April 13. Net earnings were a loss of 19 cents per share compared with a 5 cent per share gain in the year-ago...
(LUK) Leucadia National to Raise Stake in Jefferies Group
Leucadia National Corporation (LUK) recently announced that it will increase its stake in Jefferies Group Inc. (JEF), a full service investment...
(UFPI) Universal Forest Products – Bear of the Day
Universal Forest Products Inc. (UFPI) reported quite disappointing results in fourth quarter 2010 with EPS falling 14 cents below the Zacks Consensus. The company’s healthy top-line growth was offset...
(MAS) Masco Fourth Quarter 2010 Earnings Report Posts Big Loss
Masco Corporation (MAS) reported a loss of 8 cents per share (excluding special items) in the fourth quarter of 2010 in sharp contrast to a profit of 5 cents per share (excluding special items) in the same...
(UFPI) Universal Forest Products Analyst downgrades Shares to Underperform
We recently downgraded our rating for Universal Forest Products Inc. (UFPI), a manufacturer and distributor of lumber, composite wood, plastic and other building products, from Neutral to Underperform....
(UFPI) Universal Forest Products – Bear of the Day
Universal Forest Products Inc. (UFPI) reported disappointing results in second quarter 2010 with EPS falling 19 cents short of Zacks Consensus. Healthy top-line growth was offset by higher cost of sales due...
(UFPI) Universal Forest Products – Bear of the Day
Universal Forest Products Inc. (UFPI) reported disappointing results in second quarter 2010 with EPS falling 19 cents short of Zacks Consensus. Healthy top-line growth was offset by higher cost of sales due...
(WY) Weyerhaeuser’s Announces 324 Million Share Special Dividend
Weyerhaeuser Co. (WY) announced that it will be issuing approximately 324 million shares as part of its dividend payment to shareholders of record as of July 22. The distribution, based on an average closing...
(WY) Weyerhaeuser First Quarter 2010
Impressive first quarter results and robust second quarter guidance resulted in overall positive sentiments for Weyerhaeuser Co. (WY) following its earnings release on April 29, 2010. The company expects...
(WY) Weyerhaeuser Reports Earnings Loss – Shows Improvement
Weyerhaeuser Company’s (WY) first quarter net loss was $20 million compared with a net loss of $264 million in the year-ago quarter. Reported net loss per share was 10 cents compared with a net loss per share...
(UFPI) Universal Forest Products’ Business is Improving
Universal Forest Products, Inc. (UFPI) reported encouraging results for the first quarter of fiscal 2010.
During the quarter, the company reported net earnings of $1.0 million from a net loss of $1.3...
(LUK) Leucadia National Corporation Analyst Initiates Coverage at Neutral
We have initiated coverage on Leucadia National Corporation (LUK) with a “Neutral” recommendation.
The company is engaged in manufacturing, telecommunications, oil and gas drilling services,...
(LPX) U.S. Housing Starts and Building Permits Rise
We got some good news and some bad news today. The good news is that both Housing Starts and Building Permits rose in March. The bad news is that both housing starts and building permits rose in March.
It is good news, since residential investment...
($MSFT) Institute for Supply Management’s Survey Shows Manufacturing Dips but Still Strong
The Institute for Supply Management’s (ISM) manufacturing survey slipped to a reading of 56.5 from 58.4 in January, a drop of 1.9 points and below the 58.0 reading that was expected. However, anything over 50 indicates that the manufacturing
1Mar2010 | vitalstocks | 0 comments | Continued(MAS) Masco Corporation’s Loss is Much Larger Than Estimates
Masco Corporation (MAS) has reported results for the fourth quarter of 2009.
For the quarter Incorporatedluding non-cash impairment charges for goodwill and other intangible assets, the company reported...
(UFPI) Universal Forest Products Meets Loss Estimate
Universal Forest Products, Inc. (UFPI) announced fourth quarter and full year 2009 results. During the quarter, Universal Forest posted a net loss of $0.66 million or $0.03 per share compared to a net loss...
(WY) Weyerhaeuser Company’s Earnings Miss Expectations
Weyerhaeuser Company (WY) reported a net loss of $109 million or 52 cents per share for the fourth quarter of 2009, compared to a net loss of $209 million or 99 cents in the same quarter of 2008. However, the...
(WY) Weyerhaeuser Company to Convert to REIT
Weyerhaeuser Co. (WY), a leading forest products company, has announced its plans to convert to a real estate investment trust (REIT). The company said that its board of directors determined that converting...
(WY) Weyerhaeuser Co Announces Tender Offer
Earlier this month, Weyerhaeuser Co. (WY) announced the commencement of a cash tender offer to purchase up to $500 million principal amount of its 6.750% notes due in March 15, 2012.
Weyerhaeuser is...
(WY) Weyerhaeuser Company Hit by Poor U.S. Housing Market
On Friday, before market opened, Weyerhaeuser Company (WY) reported discouraging results for the third quarter 2009.
The company reported net sales of $1,407 million compared...