Sell: Builders FirstSource (BLDR)
From Upside
Updated from Wall Street’s Best Investments 792, April 12, 2017
We are downgrading Builders FirstSource (BLDR), a supplier to residential homebuilders, to Sell.
Shares have slumped partly on worries about higher material costs and a choppy housing sector. The stock boasts a Value score of 84 and seems cheap. But given the mixed outlook and weak share-price action, the prudent move is to sell the stock.
Nancy’s Take: We recommended this stock at $15.37; it’s trading at $18.12 as I write this—a very nice 17.9% return!
Richard J. Moroney, CFA, Upside, www.upsidestocks.com, 800-233-5922, July 2, 2018