+ Watch BLDR
on My Watchlist
The Company is a supplier and a fast-growing manufacturer of structural and related building products for residential new construction.
Yep, they have made some crappy financial decisions to serve their greed for the short term... At their current price and limited shares, I am willing to risk it. I believe they are set to capitalize on a market turn around...however, I don't believe the turn around will be until next year or later. So, I would look to buy in the 3-5 dollar range.
how about the $1.35 range?
What about their current offer to excerise right to buy a share at 3.50?
I think this is a bad company in the sense that the little guy shareholder, you and me, is getting pushed around by some hedge funds that are trying to get control and probably dismantle BLDR. for their gain and your loss. Maybe I should have sensed this two years ago, but the company was talking about cost-cutting, how much borrowing capacity they had under their bank revolving credit and how their cash flow was positive. I thought I could ride out the housing slump which is much worse than I expected. My average cost is $5.58 and if it gets back there I'm pulling the plug. I think management is focused on their restructuring deal and has taken their eye off the ball of running the business. I sold my subscription rights for two reasons; 1) they were headed south, and 2) I don't want to own any more of this company. Ask yourself this: Has anything the company has put out indicated that management has a real passion for what they are doing?
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