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Takeaway: We are removing EXP from the long side of Investing Ideas today.

A quick note from Hedgeye CEO Keith McCullough:

Jay likes EXP for a lot of reasons related to restructuring (activist) opportunities. I don’t like this Sector Style right now (Quad 4) now though and don’t want to take on the cyclical earnings risk associated with the pending quarterly report. Happy to come back to Jay’s idea post that event.


***No change to Industrials analyst Jay Van Sciver's fundamental long thesis on Eagle Materials (EXP). Click here to read our analyst's original report.