Professional Research on Owens Corning and USG Corp. -- Building Materials Sector Weak on Low Building Levels
December 13 2010 - 8:54AM
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general building materials industry, and offers free research on
industry players
Owens Corning (NYSE: OC) and
USG Corp. (NYSE: USG). Register today at
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Already hurting as the 2009 economic stimulus begins to run out,
the Building Materials sector will see further weakness if the
government fails to extend the transportation funding set to expire
on December 31st. Cement and asphalt makers are highly dependent on
government highway projects and without an extension state
government will be unlikely to initiate new long-term projects.
This would work to hurt demand, increase competition, and
ultimately increase already mounting pressure on prices.
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Elsewhere, weak non-residential building activity and high steel
prices have negatively impacted results along with negative pricing
pressure from a highly competitive market. Residential building
markets are also depressed as government incentives expire and a
large supply of cheap houses flood the market. Visit us at
http://www.wallstreetequityresearch.com/ to understand the
catalysts and forces driving or affecting general building
materials stocks.
In response to these struggles, some companies like Owens
Corning are working to orient their businesses toward repair and
remodels. With energy savings more apparent, insulation companies
should be well positioned to take advantage of consumers working to
increase the temperature efficiency in their houses. Shareholders
and investors can sign up today at
http://wallstreetequityresearch.com/December132010OwensCorning(OC)131210.php
to download the full report on Owens
Corning.
Looking at financial results delivered by some players of this
industry in the third quarter 2010, Owens Corning saw its earnings
tumbled to $58 million impacted by feeble demand for housing
materials. Revenue came at $1.19 billion that is a decline of 12%
year-over-year. On the other hand, USG Corp. did not do any better
as it saw loss for the quarter widened to $100 million on falling
shipping volumes and weak market conditions. Shareholders and
investors can sign up today at
http://wallstreetequityresearch.com/December132010USGCorp.(USG)131210.php
to download the full report on USG Corp.
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