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The Company manufactures, distributes and installs home improvement and building products.
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OptionXpert (75.87) Submitted: 11/03/06 11:57 AM : Start Price: $25.54 MAS Score: 19.18
Housing industry still has a long way to fall. We should hit bottom in late spring or early summer. We might hit bottom sooner if the Fed cuts rates, which I believe will happen in Feb 2007, unless inflation is out of control. Home prices will errode far worse then they have thus far. The financial devastation in housing hasn't even started yet.
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hirshey (97.30) Submitted: 12/16/06 4:09 PM
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If the Fed cuts rates, the housing boom decline will ease significantly. Therefore, with decent valuation measures, this stock is one I wouldn't want to be betting against. I'm not picking it to win, but I think it's hard to pick against too.
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