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$27.80 -1.25 (-4.30%)
8/29/2008 4:05 PM

Simpson Manufacturing Co, Inc. (SSD)

CAPS Rating:
*****

The Company through its subsidiary designs, engineers and a manufacturer of wood-to-wood, wood-to-concrete, wood-to-masonry connectors, SST Quik Drive screw fastening systems and collated screws, and pre-fabricated shearwalls.

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Avatar kurtdabear (99.28) Submitted: 12/19/07 9:47 PM : Underperform Start Price: $26.28 SSD Score: -18.26

Simpson is a fine little company that has a long history of good management and profitability. I'm thoroughly familiar with them, having first read their prospectus when I worked on their IPO. Unfortunately, it simply relies too much on construction products to be a winner in today's market. They just can't overcome the forces of the housing storm that we aren't even close to having seen the worst of yet, so they'll have to pull back, shrink, lay off employees and conserve capital. Their non-residential construction products and after-market items also will suffer in the same sweeping decline. So keep Simpson somewhere in a tickle file, and when the housing storm clouds begin to clear some time between 2010 and 2014, dust off your data and buy them and get ready to ride them up to a nice profit. But in the meantime, save yourself some money by not riding them down into the gloom of the coming depression.

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