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A slightly worse-than-expected report on home sales pushes shares of home improvement giants...

A slightly worse-than-expected report on home sales pushes shares of home improvement giants Home Depot (HD -2.2%) and Lowe's (LOW -2.5%) lower, while materials seller USG takes the news even worse - shedding 6.2% off its share price.
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Comments (4)
  • Windsun33
    , contributor
    Comments (4280) | Send Message
     
    (USG) has been way overbought past couple of weeks, surprised it did not fall even more.

     

    HD and Lowes on the other hand I might buy if they dip a bit more
    20 Jan 2012, 01:49 PM Reply Like
  • SA Editor Stephen Alpher
    , contributor
    Comments (550) | Send Message
     
    Yeah, USG was up more than 40% YTD (!) a day ago. Shares were due for a selloff no matter what the NAR spewed out this morning.
    20 Jan 2012, 02:09 PM Reply Like
  • Humble Value Miner
    , contributor
    Comments (436) | Send Message
     
    anyway USG is still very low (even lower than in 2010, to not say before) while meantime they restructured operations and so they will be more profitable even with modest housing (or remodeling, repair, etc.) improvements. I believe it should go at least to 20-25
    20 Jan 2012, 09:02 PM Reply Like
  • Windsun33
    , contributor
    Comments (4280) | Send Message
     
    I am not so sure yet - they lost money last quarter, so will wait and see how the next one goes.
    21 Jan 2012, 01:55 PM Reply Like
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