James Hardie (JHX) is a manufacturer of fiber cement products, which customers use in internal and external building construction as well as in the repairing and remodeling of manufactured houses. It has spread its operations primarily across the United States, Australia, New Zealand, and the Philippines. James Hardie's product line makes it a direct beneficiary of any improvement in the housing construction sector. With increasing housing construction activity in the U.S., we believe the selloff the company's stock has experienced in the past three months isn't justified.
Stock price movement
You can notice a sharp decline in James Hardie's stock price beginning in mid-May when it released its financial...
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