The theme of a recovery in U.S. housing demand and construction (as well as non-residential construction) is hardly "new news", but it is still quite relevant to the prospects of Global Brass and Copper (NYSE:BRSS), the largest converter of copper and brass products in the U.S.. Global Brass has not been public all that long, but the stock has not been able to hold on to initial optimism, as volume growth, capacity utilization and EBITDA generation have all been trending below the bullish predictions of sell-side coverage initiation pieces.
The demand outlook for Global Brass is a little muddled in my view. Large markets like autos and industrial machinery have already largely recovered and while housing/construction may start...
|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|
|PRO Top long ideas returned 21.7% in 2016**|