James Hardie Industries N.V. (ADR) (NYSE:JHX)
The Company manufactures and sells fiber cement building products for interior and exterior building construction applications.
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Screener/trying a new theory pick. No debt, pays a dividend, P/E ratio under 10, makes a tangible product that isn't made in China.
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Massive run-up over the last year for seemingly no good reason. Ugly looking balance sheet. Levered to still shaky housing market. What's not to like?!
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The way I see it the housing market can only go up from here. I could try to time it more closely but the administration has shown that they will put a floor under this drop and that is enough for me!
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asbestos charge off was last year and is major player in Gulf coast recovery. Has more orders than it can fill for the next 2 yrs.Good choice for hot climates.
Recs
Much better option to vinyl siding. Holds up well in the hot humid condidtions.
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