Professional Research on Fastenal and Vulcan Materials -- The General Building Materials Industry Under Review
September 20 2010 - 9:05AM
Marketwired
www.wallstreetequityresearch.com allows shareholders to gain full
understanding of the economic and market forces influencing the
general building materials industry, and offers free research on
industry players
Fastenal Co. (NASDAQ: FAST)
and Vulcan Materials Company (NYSE: VMC).
Register today at www.wallstreetequityresearch.com to receive free
research reports on these companies.
The General Building Materials sector has been hit hard by the
recent struggles in the residential and commercial housing markets.
With 2010 on track to be the third year in a row with under
1,000,000 new houses under-construction, residential building
levels have been at historic lows. This hurts the Materials sector
that makes a large portion of its profits supplying the materials
needed to build new houses.
www.wallstreetequityresearch.com is a specialized website where
investors can have complete access to free reports on general
building materials industry; traders looking for analyst opinions
on Fastenal Co., Vulcan Materials Company and other players in the
industry are welcomed to sign up for a free one year membership at
http://www.wallstreetequityresearch.com/.
To offset some of this loss, companies have raised prices on
commercial materials. However, with banks hesitant to lend money
for commercial construction projects, this segment of business
could soon be hurting as well. One potential reason for the low
house start levels is the 10% increase in building cost for new
homes. This compared to the 10-15% decrease in new home values
makes it easy to see why many people are opting not to build. Visit
us at http://www.wallstreetequityresearch.com/ to understand the
catalysts and forces driving or affecting general building
materials stocks.
President Barrack Obama's proposed $50 billion highway stimulus
plan could help the struggling General Building Materials industry
with companies like Vulcan Materials Company having the most to
gain in light that highway spending is anticipated to decline by
close to 5% in 2011. With the highway stimulus segment of the $814
billion American Recovery and Reinvestment Act slated to run out
next year, this new proposal should help pick up some of the slack
anticipated throughout the industry. However, many companies are
not raising their forecasts as state highway spending has fallen
since the stimulus went into effect. The newest proposal still
needs to be approved by congress. Shareholders and investors can
sign up today at
http://wallstreetequityresearch.com/September202010VulcanMaterialsCompany(VMC)200910.php
to download the full report on Vulcan Materials
Company.
In a few weeks time, companies in this industry will be
releasing their third quarter 2010 earnings. Fastenal Co. which is
set to report its financial results on October 12th had managed to
beat the odds for the second quarter 2010 with profit of $69.2
million that is a rise of 59% as compared to the same quarter in
2009. Shareholders and investors can sign up today at
http://wallstreetequityresearch.com/September202010FastenalCo.(FAST)200910.php
to download the full report on Fastenal
Co.
About Wall Street Equity Research:
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Wall Street Equity Research has been partnering with a number of
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opinions.
Contact Person: Edward D. Brooks
info@wallstreetequityresearch.com
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