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	<title>Stock Blog Hub &#187; UFPI</title>
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		<title>(UFPI) UFPI Beats Estimate &#8211; Future Outlook Dark</title>
		<link>http://www.stockbloghub.com/2011/07/14/ufpi-ufpi-beats-estimate-future-outlook-dark/79081</link>
		<comments>http://www.stockbloghub.com/2011/07/14/ufpi-ufpi-beats-estimate-future-outlook-dark/79081#comments</comments>
		<pubDate>Thu, 14 Jul 2011 18:47:54 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[Lumber Wood Production]]></category>
		<category><![CDATA[BLDR]]></category>
		<category><![CDATA[Bluelinx Holdings Inc]]></category>
		<category><![CDATA[Builders FirstSource Inc]]></category>
		<category><![CDATA[BXC]]></category>
		<category><![CDATA[Louisiana-Pacific Corporation]]></category>
		<category><![CDATA[LPX]]></category>
		<category><![CDATA[UFPI]]></category>
		<category><![CDATA[Universal Forest Products Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=79081</guid>
		<description><![CDATA[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 33 cents compared with 70 cents in the year-ago quarter. However, results were above the Zacks Consensus Estimate of 15 cents per share. Revenue Universal Forest&#8217;s top line in the second quarter decreased 14.8% year over year to $544.1 million. However, compared with the previous quarter the company fared well; registering an increase of 40.5%. The year-over-year downfall can be primarily attributed to weak consumer spending on home-improvement items, like fencing and decking. In the quarter, unit sales fell 5% while selling prices moved south by 10%. Yearly comparison was also impacted by the expiration of the federal ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/07/14/ufpi-ufpi-beats-estimate-future-outlook-dark/79081/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(AGNC) Company News for June 28, 2011 &#8211; Corporate Summary</title>
		<link>http://www.stockbloghub.com/2011/06/28/agnc-company-news-for-june-28-2011-corporate-summary/77704</link>
		<comments>http://www.stockbloghub.com/2011/06/28/agnc-company-news-for-june-28-2011-corporate-summary/77704#comments</comments>
		<pubDate>Tue, 28 Jun 2011 18:32:15 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[REIT - Residential]]></category>
		<category><![CDATA[AGNC]]></category>
		<category><![CDATA[Amazon.com Inc]]></category>
		<category><![CDATA[American Capital Agency Corporation]]></category>
		<category><![CDATA[AMZN]]></category>
		<category><![CDATA[BBY]]></category>
		<category><![CDATA[Best Buy Company Inc]]></category>
		<category><![CDATA[DreamWorks Animation SKG Inc.]]></category>
		<category><![CDATA[DWA]]></category>
		<category><![CDATA[EXPD]]></category>
		<category><![CDATA[Expeditors International of Washington Inc]]></category>
		<category><![CDATA[ICAgen Inc]]></category>
		<category><![CDATA[ICGN]]></category>
		<category><![CDATA[LDK]]></category>
		<category><![CDATA[LDK Solar CompanyLimited]]></category>
		<category><![CDATA[Molex Inc.]]></category>
		<category><![CDATA[MOLX]]></category>
		<category><![CDATA[Morgan Stanley]]></category>
		<category><![CDATA[MS]]></category>
		<category><![CDATA[PFE]]></category>
		<category><![CDATA[Pfizer Inc.]]></category>
		<category><![CDATA[UFPI]]></category>
		<category><![CDATA[Universal Forest Products Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=77704</guid>
		<description><![CDATA[•    Shares of online company Amazon.com, Inc. (NASDAQ:AMZN) gained 4.52% after analysts at Morgan Stanley (NYSE:MS) opined that the company&#8217;s fourth quarter profits and margins will outperform the Street&#8217;s expectations •    Share prices of Icagen, Inc. (NASDAQ:ICGN) zoomed up 163.76% to close at $6.33 after Pfizer Inc. (NYSE:PFE) disclosed that the drug manufacturer is planning to enter into a strategic alliance with Icagen •    The Board of directors of LDK Solar Co (NYSE:LDK) has authorized the repurchase of up to $110 million of American Depositary Shares •    Share prices of Universal Forest Products, Inc. (NASDAQ:UFPI) shed 9.71% after the company said it will initiate a cost-cutting program because of declining sales this year •    Fitch Ratings downgraded the credit rating of Best Buy Co (NYSE:BBY) due to  lower stores sales ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/06/28/agnc-company-news-for-june-28-2011-corporate-summary/77704/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(UFPI) Universal Forest Products Outlook Gloomy</title>
		<link>http://www.stockbloghub.com/2011/06/27/ufpi-universal-forest-products-outlook-gloomy/77600</link>
		<comments>http://www.stockbloghub.com/2011/06/27/ufpi-universal-forest-products-outlook-gloomy/77600#comments</comments>
		<pubDate>Mon, 27 Jun 2011 18:52:40 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[Lumber Wood Production]]></category>
		<category><![CDATA[BLDR]]></category>
		<category><![CDATA[Bluelinx Holdings Inc]]></category>
		<category><![CDATA[Builders FirstSource Inc]]></category>
		<category><![CDATA[BXC]]></category>
		<category><![CDATA[UFPI]]></category>
		<category><![CDATA[Universal Forest Products Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=77600</guid>
		<description><![CDATA[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 are expected to save roughly $10 million annually for the company. Sales in the first five months fell 9.5% year over year to $765 million, including a 15% decline in net sales to retail customers. Moreover, weakness in lumber market coupled with higher fuel prices led to a decline in gross margin to 10.5%. Customer demand is expected to remain soft for the remainder of fiscal year 2011. The Michigan-based company engineers, manufacturers, treats, distributes and installs lumber, composite wood, plastic and other building products for its do-it-yourself (DIY), site-built construction (homebuilders), manufactured housing, and industrial markets. The global economic meltdown ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/06/27/ufpi-universal-forest-products-outlook-gloomy/77600/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(UFPI) Universal Forest Products &#8211; Bear of the Day</title>
		<link>http://www.stockbloghub.com/2011/05/31/ufpi-universal-forest-products-bear-of-the-day-4/75170</link>
		<comments>http://www.stockbloghub.com/2011/05/31/ufpi-universal-forest-products-bear-of-the-day-4/75170#comments</comments>
		<pubDate>Tue, 31 May 2011 13:23:18 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[Lumber Wood Production]]></category>
		<category><![CDATA[UFPI]]></category>
		<category><![CDATA[Universal Forest Products Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=75170</guid>
		<description><![CDATA[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&#8217;s top line also plummeted, largely owing to lost production days and lower sales in its three major business segments. Moreover, higher costs of sales due to volatile lumber prices added to the downfall. In addition, Universal&#8217;s precarious dependence on general market conditions and growth in end-markets heighten top-line risks in the event of any adverse conditions. The company also faces significant volatility in the cost of commodity lumber products from primary producers, which worsens the situation further. The company derives a large portion of its sales from one single customer, which exposes it to customer concentration risks. In anticipation of a lack of ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/05/31/ufpi-universal-forest-products-bear-of-the-day-4/75170/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(UFPI) Universal Forest Products 2011 First Quarter Report Results Below Consensus</title>
		<link>http://www.stockbloghub.com/2011/04/14/ufpi-universal-forest-products-2011-first-quarter-report-results-below-consensus/71582</link>
		<comments>http://www.stockbloghub.com/2011/04/14/ufpi-universal-forest-products-2011-first-quarter-report-results-below-consensus/71582#comments</comments>
		<pubDate>Thu, 14 Apr 2011 16:21:56 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[Lumber Wood Production]]></category>
		<category><![CDATA[BLDR]]></category>
		<category><![CDATA[Bluelinx Holdings Inc]]></category>
		<category><![CDATA[Builders FirstSource Inc]]></category>
		<category><![CDATA[BXC]]></category>
		<category><![CDATA[Louisiana-Pacific Corporation]]></category>
		<category><![CDATA[LPX]]></category>
		<category><![CDATA[UFPI]]></category>
		<category><![CDATA[Universal Forest Products Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=71582</guid>
		<description><![CDATA[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 quarter. Results were below the Zacks Consensus Estimate of 1 cent per share gain in the quarter. Revenue Universal Forest’s top line in the first quarter plummeted 1.5% year over year to $387.2 million versus $393.0 million in the year-ago quarter and below the Zacks Consensus Estimate of $418.0 million. The decline in sales can be attributed to lost production days owing to bad weather conditions. Site-built and manufactured housing sales also went down because of lower federal incentives and lower DIY/retail sales due to lower inventory stocking compared with prior-year period. ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/04/14/ufpi-universal-forest-products-2011-first-quarter-report-results-below-consensus/71582/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(UFPI) Universal Forest Products &#8211; Bear of the Day</title>
		<link>http://www.stockbloghub.com/2011/02/23/ufpi-universal-forest-products-bear-of-the-day-3/67411</link>
		<comments>http://www.stockbloghub.com/2011/02/23/ufpi-universal-forest-products-bear-of-the-day-3/67411#comments</comments>
		<pubDate>Wed, 23 Feb 2011 14:54:06 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[Lumber Wood Production]]></category>
		<category><![CDATA[UFPI]]></category>
		<category><![CDATA[Universal Forest Products Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=67411</guid>
		<description><![CDATA[Universal Forest Products Inc. (UFPI) reported quite disappointing results in fourth quarter 2010 with EPS falling 14 cents below the Zacks Consensus. The company&#8217;s healthy top-line growth was offset by higher cost of sales due to volatile lumber prices in the quarter. In addition, Universal&#8217;s precarious dependence on general market conditions and growth in end-markets increases top-line risks in the event of any adverse conditions. Also, significant volatility in the cost of commodity lumber products from primary producers is problematic. The company also derives a large portion of its sales from one single customer, which exposes it to customer concentration risks. In anticipation of a lack of positive catalysts, we downgrade the stock to an Underperform recommendation. UNIVL FST PRODS (UFPI): Free Stock Analysis Report Zacks Investment Research]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2011/02/23/ufpi-universal-forest-products-bear-of-the-day-3/67411/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(UFPI) Universal Forest Products Analyst downgrades Shares to Underperform</title>
		<link>http://www.stockbloghub.com/2010/10/03/ufpi-universal-forest-products-analyst-downgrades-shares-to-underperform/52427</link>
		<comments>http://www.stockbloghub.com/2010/10/03/ufpi-universal-forest-products-analyst-downgrades-shares-to-underperform/52427#comments</comments>
		<pubDate>Mon, 04 Oct 2010 05:46:33 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[Lumber Wood Production]]></category>
		<category><![CDATA[BLDR]]></category>
		<category><![CDATA[Bluelinx Holdings Inc]]></category>
		<category><![CDATA[Builders FirstSource Inc]]></category>
		<category><![CDATA[BXC]]></category>
		<category><![CDATA[Louisiana-Pacific Corporation]]></category>
		<category><![CDATA[LPX]]></category>
		<category><![CDATA[UFPI]]></category>
		<category><![CDATA[Universal Forest Products Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=52427</guid>
		<description><![CDATA[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. We downgrade based on a host of factors including weak second quarter results, huge dependence on general market conditions and growth in end markets, volatility in cost of lumber products, and enormous customer concentration. Second Quarter Results Universal Forest Products Inc. reported disappointing results for the second quarter of 2010 with its net income falling despite a healthy top line growth. Net income slipped 14.9% year over year to $13.7 million or 70 cents per share compared with $16.1 million or 83 cents per share in the second quarter of 2009, primarily due to higher costs. Earnings per share also fell short ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/10/03/ufpi-universal-forest-products-analyst-downgrades-shares-to-underperform/52427/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(UFPI) Universal Forest Products &#8211; Bear of the Day</title>
		<link>http://www.stockbloghub.com/2010/10/01/ufpi-universal-forest-products-bear-of-the-day-2/53452</link>
		<comments>http://www.stockbloghub.com/2010/10/01/ufpi-universal-forest-products-bear-of-the-day-2/53452#comments</comments>
		<pubDate>Fri, 01 Oct 2010 14:42:36 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[Lumber Wood Production]]></category>
		<category><![CDATA[UFPI]]></category>
		<category><![CDATA[Universal Forest Products Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=53452</guid>
		<description><![CDATA[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 to volatile lumber prices in the quarter. Also, Universal&#8217;s huge dependence on general market conditions and growth in end markets increase top-line risks in the event of any adverse conditions. Further, significant volatility in the cost of commodity lumber products from primary producers is problematic. The company also derives a large portion of its sales from one single customer, which exposes it to customer concentration risks. In anticipation of a lack of positive catalysts, we downgrade the stock to an Underperform recommendation. UNIVL FST PRODS (UFPI): Free Stock Analysis Report Zacks Investment Research]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/10/01/ufpi-universal-forest-products-bear-of-the-day-2/53452/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(UFPI) Universal Forest Products &#8211; Bear of the Day</title>
		<link>http://www.stockbloghub.com/2010/09/27/ufpi-universal-forest-products-bear-of-the-day/52776</link>
		<comments>http://www.stockbloghub.com/2010/09/27/ufpi-universal-forest-products-bear-of-the-day/52776#comments</comments>
		<pubDate>Mon, 27 Sep 2010 13:04:31 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[Lumber Wood Production]]></category>
		<category><![CDATA[UFPI]]></category>
		<category><![CDATA[Universal Forest Products Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=52776</guid>
		<description><![CDATA[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 to volatile lumber prices in the quarter. Also, Universal&#8217;s huge dependence on general market conditions and growth in end markets increase top-line risks in the event of any adverse conditions. Further, significant volatility in the cost of commodity lumber products from primary producers is problematic. The company also derives a large portion of its sales from one single customer, which exposes it to customer concentration risks. In anticipation of a lack of positive catalysts, we downgrade the stock to an Underperform recommendation. UNIVL FST PRODS (UFPI): Free Stock Analysis Report Zacks Investment Research]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/09/27/ufpi-universal-forest-products-bear-of-the-day/52776/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(UFPI) Universal Forest Products&#8217; Business is Improving</title>
		<link>http://www.stockbloghub.com/2010/04/18/ufpi-universal-forest-products-business-is-improving/34071</link>
		<comments>http://www.stockbloghub.com/2010/04/18/ufpi-universal-forest-products-business-is-improving/34071#comments</comments>
		<pubDate>Mon, 19 Apr 2010 03:10:42 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[Lumber Wood Production]]></category>
		<category><![CDATA[UFPI]]></category>
		<category><![CDATA[Universal Forest Products Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=34071</guid>
		<description><![CDATA[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 million in the same quarter of fiscal 2009. EPS was 5 cents compared to net loss per share of 6 cents in the year-ago quarter. The reported EPS highly surpassed the Zacks Consensus Estimate of 1 cent. The increase in net earnings was due to 8.7% yearly increase in revenue. Revenue bloated from $361.7 million to $393.0 million during the first quarter of fiscal 2010. The increase was primarily attributable to 50% hike in composite lumber selling price due to decease in supply in comparison to total demand. Supply slipped due to production cut and also due to ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/04/18/ufpi-universal-forest-products-business-is-improving/34071/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(UFPI) Universal Forest Products Meets Loss Estimate</title>
		<link>http://www.stockbloghub.com/2010/02/10/ufpi-universal-forest-products-meets-loss-estimate/27582</link>
		<comments>http://www.stockbloghub.com/2010/02/10/ufpi-universal-forest-products-meets-loss-estimate/27582#comments</comments>
		<pubDate>Thu, 11 Feb 2010 00:28:44 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[Lumber Wood Production]]></category>
		<category><![CDATA[UFPI]]></category>
		<category><![CDATA[Universal Forest Products Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=27582</guid>
		<description><![CDATA[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 of $0.79 million or $0.04 in the fourth quarter of 2008. The reported EPS exactly matched with the Zacks Consensus Estimate of a net loss of $0.03. Full-year 2009 net earnings were $24.3 million or $1.25 per share versus net earnings of $4.3 million, or $0.23 in 2008. However, EPS was slightly below the Zacks Consensus Estimate of $1.29. The company’s continued focus on eliminating waste and critical basics like inventory and receivables have proven to be the right strategy in fragile times. During the fourth quarter of 2009, net sales were $338.6 million, down from ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2010/02/10/ufpi-universal-forest-products-meets-loss-estimate/27582/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(UFPI) Universal Forest Products&#8217; Earnings Do Well Despite Construction Downturn</title>
		<link>http://www.stockbloghub.com/2009/10/17/ufpi-universal-forest-products-earnings-do-well-despite-construction-downturn/18052</link>
		<comments>http://www.stockbloghub.com/2009/10/17/ufpi-universal-forest-products-earnings-do-well-despite-construction-downturn/18052#comments</comments>
		<pubDate>Sat, 17 Oct 2009 21:37:17 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[Lumber Wood Production]]></category>
		<category><![CDATA[UFPI]]></category>
		<category><![CDATA[Universal Forest Products Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=18052</guid>
		<description><![CDATA[Universal Forest Products, Inc. (UFPI) yesterday announced its third quarter results. Net earnings were $10.1 million, compared to a loss of $2.0 million in the prior-year quarter. Earnings per share stood at 51 cents versus a loss of 10 cents in the same period a year ago. The improvement in earnings reflects the company’s focus on cost containment. Net sales for the quarter were $457.8 million, compared to last year’s $610.7 million. Sales continue to be adversely impacted by a weak housing market and sluggish consumer spending. These trends are expected to continue for the rest of 2009. The company continues to realize the benefits of earlier decisions, which are yielding improved labor and overhead costs. Additionally, its efforts to diversify and grow its portfolio of products and services are ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/10/17/ufpi-universal-forest-products-earnings-do-well-despite-construction-downturn/18052/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(UFPI) Universal Forest Products &#8211; materials companies have been advancing on optimism and higher estimates</title>
		<link>http://www.stockbloghub.com/2009/07/29/ufpi-universal-forest-products-materials-companies-have-been-advancing-on-optimism-and-higher-estimates/11515</link>
		<comments>http://www.stockbloghub.com/2009/07/29/ufpi-universal-forest-products-materials-companies-have-been-advancing-on-optimism-and-higher-estimates/11515#comments</comments>
		<pubDate>Wed, 29 Jul 2009 18:36:52 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[Lumber Wood Production]]></category>
		<category><![CDATA[UFPI]]></category>
		<category><![CDATA[Universal Forest Products Inc.]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=11515</guid>
		<description><![CDATA[Universal Forest Products Inc. (UFPI) is moving higher as analysts upgrade earnings forecasts in anticipation of a housing bottom. Company Description Universal Forest Products, Inc. engages in the engineering, treatment and distribution of lumber, composite wood and plastic to &#8220;do-it yourself&#8221; to retail and industrial markets in the United States. The company was founded in 1955 and has a market cap of $839 million. With stocks rallying and the down trodden housing market showing signs of life, materials companies have been advancing on optimism and higher estimates. Universal&#8217;s second-quarter results, reported on July 15, were down from last year, but still beat estimates. Second-Quarter Results Sales were down 27% from last year to $514.9 million. Income came in at $16.1 million, producing earnings of 83 cents per share, blowing past ]]></description>
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