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Masco Corporation Message Board

  • fyiuall fyiuall Feb 29, 2012 4:10 PM Flag

    "This com­pany [MASCO] is a value destroyer."

    There will be no check in this honest guy's mail.

    He writes: "One of its [ABMAX] largest hold­ings and part of the 27% allo­cated to DANGEROUS OR WORSE stocks is MASCO Corp (MAS), which gets my Dan­ger­ous rat­ing. I am gen­er­ally bear­ish on the mate­ri­als sec­tor and this stock is one of the worst in the sec­tor.

    The com­pany [MASCO] has not earned an ROIC greater than its cost of cap­i­tal for the past 13 years, which is as far back as my model goes. Over the last 2 years, its ROIC is under 2%. Part of what dri­ves down ROIC in my model is the $3.1 bil­lion of write-offs the com­pany has made over the past 10 years.

    Man­age­ment has writ­ten off about 45 cents for every dol­lar of share­holder equity. This com­pany [MASCO] is a value destroyer. Investors deserve bet­ter stew­ard­ship for their capital.

    Source: "Seeking Alpha"

 
MAS
27.36+0.29(+1.07%)Jun 1 4:01 PMEDT