Universal Forest Products, Inc. (NASDAQ:UFPI)
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The Company engineers, manufactures, treats, distributes and installs lumber, composite wood, plastic and other building products to the do-it-yourself/retail, site-built construction, manufactured housing and industrial markets.
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I can't find what's propping Universal Forest Products up in this economy. Yes, do it yourselfers are still out there, and bank foreclosed houses need spruced up when the bank gives them to someone, but overall, this is the wrong product mix in the wrong economy and with negative cash flow, and no hurricanes in sight, this company seems to be tettering with its low cash on hand, climbing acct. payable and very high P/E. Low volume, some loyal following, but with a sub-1% profit margin, I think it will need something more to hold up it's trusses.