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Universal Forest Products (UFPI -11.7%)) drops to a new 52-week low after saying sales through...
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Monday, June 27, 2011, 12:49 PM ETUniversal Forest Products (UFPI -11.7%)) drops to a new 52-week low after saying sales through May were worse than expected, and demand will be weak for the remainder of FY11. As a result, it plans to cut costs through layoffs and reduced spending.
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