Below is a note from Hedgeye CEO Keith McCullough on why we're adding USG Corporation (USG) to the long side of Investing Ideas today:
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"USG was added to Jay Van Sciver's Best Ideas (Institutional Research product) list in August. While this wasn't part of his original thesis, Jay thinks hurricane related building products demand may echo or exceed that of the brisk 2004-2005 hurricane period. If so, product pricing should increase noticeably. With the stock -4% today, it's signaling immediate-term #oversold." |
