Is the housing slowdown finally catching up with Beacon Roofing (BECN)? The roofing supply company is down over 15% the last three months, with the stock seeing a big selloff related to a weak guidance for fiscal fourth quarter, as well as all the housing slowdown "noise" that's flooding the market. However, we believe this noise can be ignored when it comes to how it relates to Beacon.
And while Mr. Market might be misunderstanding this company, we are of the opinion that it might be time to play the "wait-and-see" game with Beacon. That's not to say the slowdown in home buying will have a material impact on the company's growth, it's more that the valuation...
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