Time to switch teams and flow with the way gravity works.
As a home Builder I love this since Mas really has no idea how to manage this downturn in the Mid Atlantic.
Alienating the builders who got you here, dropping packages that helped builders made us look to other vendors for value packaging of services. This alone dropped 50% of our trade with them.
This is sad when they did hold great market share but was unable to modify the bus-plan.
The problem with using 200% gain from the low is, some one or hedge fund took out 4000 puts on Masco back in mid 2008.
Then promptly spread rumors shorted etc...
Once those puts were sold or exercised, the price promptly ratcheted upwards.
On a price to sales basis, Masco is not over valued.
The only thing over valued was this putz analysts opinion.
yes, these guys have screwed up relationships with contractors and tried to control the market (see california lawsuit that they lost).
i won't be dealing with them again and will enjoy it when they break apart after going into bankruptcy
LOL....yeah, they sure were fun days...Yes, I did short this one. It's play money anyways so I'm not going to miss it if it goes north. Although after looking at this company a little closer, I think it'll fall. We'll see what happens....good luck and take care.
I wasn't a trader in this until morning when I read the downgrade and then it just hit me like a bat.
I never short stocks but I get the feeling it is time for a market shift to a more reserved market until the next great earning excitement happens.
I do not see earnings happening except for the very quick buss-plan changers, even P&G took a year of falling sales to start to adjust the offerings of lower priced goods.
Today's current managements are so far removed from the consumers it seems we can not get companies to react accordingly.