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USG Corporation Message Board

  • arcadian4u arcadian4u Mar 25, 2013 1:50 PM Flag

    Wall Board Prices In the East

    Yeah the article indicates slippage in wall board prices, but with all the snow in the east and there's still snow on the ground, why wouldn't there be some slippage due to lack of demand because of snow. Just my take on the situation. I bought some Apr 28 calls instead of stock, figure if I'm right I'll add to my position, if wrong well I'm only out the premium. I've bought shares as high as 54 and as low as 7.

    Sentiment: Hold

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    • I'd imagine that there was a pricing hike after Sandy and that is beginning to wear off. Construction is booming out here in Phoenix. Eventually it will show up in USG's earnings. Of course the wildcard is commercial .... a pick up in that should push us over 30 mid year.

      • 1 Reply to danstvguy2
      • Weather has an effect through the framing stage of construction which does create a backlog of homes going into insulation and drywall. You may very well see a pickup in drywall demand in the spring. The only wild card is that the supply of skilled labor is really low in construction and many of the sub contractors are working two houses at one time. It is taking me 7 weeks to get through the rough plumbing, heating, electrical and fire system stages where it usually takes 4 weeks.

        Commercial is another story. While I am sure there are some hot spots out there, I just have not seen the business expanding and still a lot of vacant stores and offices. Commercial is like upper end houses, they will take off after we have had a good run in the low and mid level houses. Right now upper end houses are take time to sell and they tend to be discounted from their list price.

        USG's next stage up may take hold after Q1 report, but I think it will be after Q2.

    • It sound that I was right that a snowy and wetter then normal winter has slowed down construction.

    • You bought *April* calls?
      Don't earnings come out *after* expiration?
      You don't care?
      (Just curious what your thought is.)

28.20+0.60(+2.17%)Jul 25 4:01 PMEDT

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