Geoff Gannon July 27, 2007

Quick Note: Building Materials Holding Corporation

Here’s another company in the profit falls, stock rises category – Building Materials Holding Corporation (BLG).

Yesterday, I mentioned Hanes Brands (HBI). That was a post spin-off “restructuring” story. This is a housing industry story.

I know what you’re thinking – I’m supposed to write about these stocks before they go up.

I just couldn’t resist mentioning this additional example of a company with a falling profit and a rising stock.

Remember, earnings are only half the equation – there’s the price component as well.