Universal Forest Products (UFPI -11.7%)) drops to a new 52-week low after saying sales through...

|About: Universal Forest Products, ... (UFPI)|By:, SA News Editor

Universal 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.