This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Owens-Corning Gains From Post-Sandy Building Boom

"I'm generally pretty bullish now," CEO Mike Thaman told MoneyBeat back on April 24 after reporting positive earnings in the first quarter. The CEO sees the housing market as a sustained part of the economic recovery. That's based partly on the monthly improvements in new-home sales and prices.

On average, analysts expect the company to report 30% year-over-year earning growth for the second quarter of this year, and 100% year-over-year earnings growth in the third quarter!

It's no wonder then that as of March 14, 2013, CEO Thaman owned 740,739 shares of OC stock. All insiders and beneficial owners control slightly more than 7% of the outstanding shares.

If you're interested in becoming an investor I encourage you to visit its entertaining and somewhat jovial Web site. The investor relations section is a must-see.

Owens-Corning is capitalizing on twin generational events that will expand its opportunities and reward its shareholders for many months ahead. As the earlier chart demonstrates, the stock has had quite a run so far in 2013, so patient investors might be glad they waited for an eventual correction before accumulating or adding to existing positions.

At the time of publication, Courtenay had no positions in stocks mentioned.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.

2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
OC $41.84 0.00%
AAPL $130.28 0.00%
FB $81.53 0.00%
GOOG $565.06 0.00%
TSLA $218.42 0.00%


DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs