Slicing Through the Housing Bull Case
Is the housing boomlet turning into a housing bustlet overnight? It depends on whom you listen to. On Monday night we saw a downbeat outlook from Masco (MAS), the kitchen-bath company and a horrendous report from Armstrong (AWI), which makes floor and ceiling tiles. Both firms indicated that the U.S. had taken a sudden turn for the worst. The latter, Armstrong, is right up there with the worst calls of the quarter.
On the other hand, USG (USG) and Whirlpool (WHR), while admitting the world has been weak, didn't say all that much that was negative about the U.S. Instead they reiterated the party line -- that things are improving off a small base....256 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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