This has been a rough year for companies hoping to leverage a nascent recovery in residential construction, residential remodel/repair work, and light commercial construction. Ply Gem (NYSE:PGEM), Louisiana-Pacific (NYSE:LPX), and James Hardie (NYSE:JHX) have done worst than most, but even Armstrong World Industries (NYSE:AWI) and Mohawk (NYSE:MHK) have done pretty poorly. Against that backdrop, Headwaters' (NYSE:HW) steep correction from the start of July is still unpleasant to behold, but the stock still has a double-digit gain on a year-to-date basis.
I think a large part of the problem with Headwaters' shares has been inflated expectations, as the company continues to execute reasonably well. I'd like to see...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|