We are removing USG Corporation (USG) from the long side of Investing Ideas today.
Below is a brief excerpt from an institutional research note written today by Industrials analyst Jay Van Sciver explaining why:
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"A potential negative impact of tax reform on the housing market was not part of our USG thesis, so we are removing it as a Best Ideas long. While we are taking the win a little early here after a not-too-shabby quarter, we still believe the favorable structural and cyclical elements of our USG long thesis are underappreciated. We’ll revisit the name should the shares reflect a more adverse housing environment." |