In the relatively short time it has been a publicly-traded company, Stock Building Supply (STCK) has been a solid performer and a good way to play improving residential housing construction. Up about 30% from early August, Stock has been outperformed by Universal Forest Products (NASDAQ:UFPI), which has climbed about 40%, but has outperformed Headwaters (NYSE:HW) and Louisiana-Pacific (NYSE:LPX) by wide margins. With the company picking up more share of new projects and looking to improve its mix toward higher-margin products, better results and a higher stock price seem like reasonable assumptions today.
All About New Construction
Stock generates over 70% of its revenue from new residential construction, with most of that coming from single-family...
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