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Bluelinx Holdings Inc. Message Board

  • belco_mc belco_mc Aug 2, 2013 4:47 PM Flag

    time to buy BXC

    I understand the sentiment is pretty negative on this board. I understand why- however, my view is that buying in the $1.80 range offers a compelling risk/reward.

    The results from the quarter last week were terrible. Now we know why they fired the CEO. He loaded up on inventory and prices were soft- thus, margins were bad. I find it encouraging that the company made a in management when it became clear he wasn't the guy.

    Housing starts will continue strong and the renovation market is picking up. Structural margins will improve from here- I think you've seen the worst things are going to get and all the negatives are priced in now.

    In the next few months, they will announce a quality CEO and results will pick up. All just my opinion.

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    • do you really think one guy (ceo) is solely responsible for this dreadful performance? and do you think one person (new ceo tba) can really turn it around? I believe there have to be more underlying problems. in order to regain market share, they will cut prices which reduce margins. I don't see them making money until q2 next year if they're still in business. but at $1.75 per share it's certainly worth taking a risk. Feinberg owns 48 million shares, he most know something. time to buy!

 
BXC
1.22-0.01(-0.81%)Apr 24 4:04 PMEDT