NEW YORK ( TheStreet) -- TheStreet's David Peltier and Lindsey Bell are on the lookout for potential breakout stocks under $10, especially now that earnings season is winding down.When asked which stock captured her attention, Bell replied, " Builders FirstSource (BLDR) is one that we looked at." The company supplies lumber and housing materials to construction companies. She continued, "we like the housing play. This is nothing new."
However, she went on to say that under a new refinance program, Builders FirstSource would issue $350 million in senior-secured debt and $175 million in asset-backed loans, dropping the average interest rate on the debt from 12.2% down to an expected 6.7%. Peltier concluded that with the stock over $7 and up 39% for the year to date, he didn't want to chase it and is going to "put this one on the wait list." --By Bret Kenwell in New York.