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Used Home Sales Rise Everywhere - Analyst Blog
Wednesday, December 22, 2010 - 2:53pm | 1578In November, existing home sales ran at a seasonally adjusted annual rate of 4.68 million. That pace is 5.6% higher than in October, and 27.9% below the year-ago rate. The year-ago rate of 6.49 million was inflated as everyone was rushing to get the deals done before they thought the first-time...
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Universal Forest Upgraded - Analyst Blog
Wednesday, December 22, 2010 - 2:00pm | 418We recently upgraded Universal Forest Products Inc. (UFPI) from Underperform to a Neutral recommendation. The Michigan-based company engineers, manufacturers, treats, distributes, and installs lumber, composite wood, plastic and other building products for its do-it-yourself (DIY), site-built...
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Universal Forest Upgraded - Analyst Blog
Wednesday, December 22, 2010 - 1:45pm | 418We recently upgraded Universal Forest Products Inc. (UFPI) from Underperform to a Neutral recommendation. The Michigan-based company engineers, manufacturers, treats, distributes, and installs lumber, composite wood, plastic and other building products for its do-it-yourself (DIY), site-built...
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Reverse Stock Split Completed by China Architectural
Wednesday, December 22, 2010 - 9:07am | 109China Architectural Engineering, Inc. (Nasdaq: CAEI) today announced that the Company completed its previously announced 1-for-4 reverse stock split of its common stock effective as of 12:01 am EST on December 21, 2010. CAE's common stock will continue to trade on the NASDAQ Global Select Market...
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China Arch. Announces Reverse Spilt - Analyst Blog
Monday, December 20, 2010 - 1:03pm | 591China Architectural Engineering Inc. (CAEI) announced a one-for-four (1-for-4) reverse split of its common stock in a bid to push up its trading price above the $1 benchmark to avoid delisting on the NASDAQ Stock Market. The reverse stock split, effective December 21, 2010, will reduce China...
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China Arch. Announces Reverse Spilt - Analyst Blog
Monday, December 20, 2010 - 12:45pm | 591China Architectural Engineering Inc. (CAEI) announced a one-for-four (1-for-4) reverse split of its common stock in a bid to push up its trading price above the $1 benchmark to avoid delisting on the NASDAQ Stock Market. The reverse stock split, effective December 21, 2010, will reduce China...
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Owens Corning: A Construction Turnaround
Monday, December 20, 2010 - 11:13am | 84"Founded in 1938, Owens Corning (OC) is a leading manufacturer of building products, including insulation, roofing products, and composite materials; the stock looks quite cheap, particularly for a company with such a strong business franchise in a temporarily depressed sector," says George Putnam...
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Patrick Industries, Inc. Announces New Amendment to Its Credit Agreement
Monday, December 20, 2010 - 10:29am | 86Patrick Industries, Inc. (Nasdaq: PATK) announced today that it has entered into a fifth amendment to its senior secured credit agreement dated May 18, 2007. The Fifth Amendment includes the modification of certain definitions, terms and reporting requirements and extends the revolving termination...
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Top 4 Small-Cap Stocks In The Lumber, Wood Production Industry With The Highest Dividend Yield (KOP, AMWD, UFPI, DEL)
Monday, December 20, 2010 - 5:09am | 127Below are the top small-cap lumber, wood production stocks on the NYSE and the NASDAQ in terms of dividend yield. Koppers Holdings Inc (NYSE: KOP) has a dividend yield of 2.80%. KOP's shares closed at $35.54 on Friday. American Woodmark Corporation (NASDAQ: AMWD) has a dividend yield of 1.50%. AMWD...
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Manitowoc Divests Biz - Analyst Blog
Friday, December 17, 2010 - 2:33pm | 735Manitowoc Co. Inc. (MTW) has decided to divest its Kysor/Warren and Kysor/Warren de Mexico businesses to Lennox International Inc. (LII) for approximately $138 million, subject to a post-closing working capital adjustment. Kysor/Warren is a leading producer of refrigerated display merchandisers...
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Manitowoc Divests Biz - Analyst Blog
Friday, December 17, 2010 - 1:45pm | 735Manitowoc Co. Inc. (MTW) has decided to divest its Kysor/Warren and Kysor/Warren de Mexico businesses to Lennox International Inc. (LII) for approximately $138 million, subject to a post-closing working capital adjustment. Kysor/Warren is a leading producer of refrigerated display merchandisers...
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Housing Starts Up, Permits Down - Analyst Blog
Thursday, December 16, 2010 - 2:30pm | 1895Housing Starts rose in November to a seasonally adjusted annual rate of 555,000 from 534,000 in September, an increase of 3.9%. The October numbers were revised higher from 519,000, so it is possible to see the increase as 21,000 or 6.9%. Relative to a year ago, they are down 5.8%. Quite frankly, a...
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Housing Starts Up, Permits Down - Analyst Blog
Thursday, December 16, 2010 - 2:20pm | 1895Housing Starts rose in November to a seasonally adjusted annual rate of 555,000 from 534,000 in September, an increase of 3.9%. The October numbers were revised higher from 519,000, so it is possible to see the increase as 21,000 or 6.9%. Relative to a year ago, they are down 5.8%. Quite frankly, a...
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Apogee Posts 3rd Quarter Loss - Analyst Blog
Thursday, December 16, 2010 - 2:03pm | 1102Apogee Enterprises Inc. (APOG) reported third-quarter fiscal 2011 operating loss of 8 cents per share compared with operating earnings of 39 cents in the year-ago quarter. The operating loss per share in the reported quarter was an improvement over the Zacks Consensus Estimate of a loss of 10...
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Apogee Posts 3rd Quarter Loss - Analyst Blog
Thursday, December 16, 2010 - 1:30pm | 1102Apogee Enterprises Inc. (APOG) reported third-quarter fiscal 2011 operating loss of 8 cents per share compared with operating earnings of 39 cents in the year-ago quarter. The operating loss per share in the reported quarter was an improvement over the Zacks Consensus Estimate of a loss of 10...