The Company is a manufacturer of basic building materials including gypsum wallboard, cement, gypsum and non-gypsum paperboard and concrete and aggregates.
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Housing is tanking because of rising unemployment. Plus the stock is overbought on misguided speculation that someone might acquire the company for $27. The fact is none of the major manufactures needs excess capacity at that price when they can just reopen a shut down plant. Finally EXP is about to show their first losses on this 6/30/10 quarter and these losses will increase quartely through out the rest of 2010.
By Feb 2010 this stock will be in the $15 range. (if Not sooner)