Maybe another canary in the coalmine for housing is Mohawk Industries (MHK +6.2%), the maker of...

Maybe another canary in the coalmine for housing is Mohawk Industries (MHK +6.2%), the maker of floor-covering products soaring after strong earnings. Price increases are a theme of the earnings report - both last quarter and for the guidance: "We anticipate continued sales growth and improving margins." (PR)

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Comments (9)
  • mickmars
    , contributor
    Comments (1312) | Send Message
    Apartments need carpet too.
    4 May 2012, 12:49 PM Reply Like
  • davidingeorgia
    , contributor
    Comments (2661) | Send Message
    Or people remodeling - and changing their floors in the process - instead of buying or building new homes.
    4 May 2012, 12:56 PM Reply Like
  • Poor Texan
    , contributor
    Comments (3527) | Send Message
    My daughter and son-in law just finished installing all new floors due to water damage from a burst water heater. That's not new construction but it's in their figures.
    4 May 2012, 03:21 PM Reply Like
  • Tom in Texas
    , contributor
    Comments (386) | Send Message
    Mohawk, not Mohwak
    4 May 2012, 12:50 PM Reply Like
  • The Enterprising Value Inve...
    , contributor
    Comments (572) | Send Message
    For similar types of plays take a look at MAS and FBHS.


    Decent upside without the leverage or the asset risk the homebuilders have.
    4 May 2012, 12:53 PM Reply Like
  • Rhianni32
    , contributor
    Comments (2086) | Send Message
    How can improved conditions and sales be a canary in the coalmine scenario? Are we calling for the bad news on bad news itself?
    4 May 2012, 01:06 PM Reply Like
  • philmorse
    , contributor
    Comment (1) | Send Message
    Maybe the Mohawks got smart and started importing their blankets from China
    4 May 2012, 02:18 PM Reply Like
  • J 457
    , contributor
    Comments (1000) | Send Message
    The millions of REOs left abandoned the last three years all need new carpet to cover the slab cracks and moldy floors.
    4 May 2012, 04:19 PM Reply Like
  • Econdoc
    , contributor
    Comments (2938) | Send Message
    this thing leads the market - it is a good sign - a good canary


    5 May 2012, 06:03 AM Reply Like
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