Owens Corning (NYSE:OC)

building materials
insulation

This is a Warren B. type stock pick.

value

Growth and cash

Covestor Model Manager Michael Arold sold OC in his Technical Swing Covestor Model ( http://covestor.com/Michael-Arold )

One of the few deep value plays I can still see in the market today. Posted great numbers today and product demand seems to be back on the rise. $7.37 of net earnings per share in full year 2010. That is awfully impressive. Generated close to $500MM in operating cash over fiscal 2010. Buying back shares at a fast pace, and poised to grow even more in 2011. The expectation is that earnings growth accelerates to 30% growth in EBIT over the course of 2011. Yes, the share price has had a big run up today, but my opinion is it's got quite a bit of room left to go higher. Disclosure: I have not bought yet, but am probably going to put some real money in this one. Do not have a target price yet - working on that over the next few weeks.

I believe this is reasonably priced using garp valuations

LOCAL COMPANY. INNOVATOR. IN A POSITION TO PROFIT BIG IN THE FUTURE. SORRY IF YOU LOST MONEY WHEN THE PRICE FELL--HOPE YOU HELD AND WAITED IT OUT--IF NOT, IT IS MY GAIN. I BOUGHT FOR A LITTLE LOWER THAN IT SAYS IN MY CAPS. I SEE THIS AS A KEEPER FOR A VERY LONG TIME. MY DADDY GAVE ME ONE PIECE OF ADVICE: "I WISH I HAD HAD ENOUGH TO BUY BERKSHIRE HATHAWAY TWENTY YEARS AGO BUT I DIDN'T SO BUY LOW AND SELL HIGH" I THINK I BOUGHT LOW ON THIS ONE AND IT WILL GO HIGHER. I WANT MONEY IN THE BUSINESSES THAT WILL MAKE MONEY AND I AM BUYING LOW AND GOOD COMPANIES. THIS FOOL AND HIS MONEY ARE NOT EASILY PARTED ESPECIALLY WHEN I COULD OWN SO MANY TOYS WITH THIS MONEY LIKE A SIG P-210 OR A NEW CAR. I WILL BE GOOD AND HOLD FOR A WHILE AND THEN I CAN BUY A PAIR OF PISTOLS AND FIRE THEM INTO THE SKY TO CELEBRATE MY GOOD INVESTMENTS.

Buffett style value play

Profit do to stabilization of inventories by customers. Inventories are largely replenished coupled with weak retail demand for said inventory = another weak year. Q2 will prove bad. I strongly dislike OC at 35 and wont even consider it above 20.

Part of XHB

The commercial and residential real estate markets have way to much supply, and with banks coast to coast stuffed with poorly performing Construction and Development loan, I don't think much construction will be happening in the next few years.

It's grossly undervalued and has nowhere to go but up much higher than the index will as a whole.

After the acquisition of Vetrotex BU from Saint Gobain, OC has clearly become the global leader in Reinforcement and Composites based on glass; great products portfolio, growing market share and solid management; with asbestos litigations off the back, the stock is destined to grow.

Another value based pick that has a low PE and is out of favor.

Good growth and earnings.

obama's green energy plan

Obama Green Energy Wind OC makes the composite material that is used in wind mills

Higher energy cost will drive insulation improvements on existing buildings as well as new construction.