aDECEMBER 18, 2008 (Dow 8605, down 219) - Bush's indecision regarding the auto bailout snd the potential ratings downgrade of GE's debt hurt the market today. Sharp moves down in oil contributed to fears of a deepening global recession. The chemicals are the biggest beneficiaries of lower oil prices. The newspaper stocks are toxic.
is a stealth "green" building materials & wind play - now gets 43% of sales from international vs 12% in 2006 - 33% of overall sales is fiberglass composite insulation that is strengthened & used in wind energy turbines - the Dept of Energy (DOE) said that wind could provide 20% of our power by 2030 (a $43B market) - co believes wind business will grow at a 16% clip for the next decade - is moving away from its dependence on the domestic new housing mkt (40% of sales) - just beat the numbers because of an 82% growth in its wind business - the stock is a win - goes to 30
has come back down - has been viewed by the Street as just a housing play - but its fastest growing business is in composite materials that serve the wind generation sector - is expanding that unit into Russia & China - its insulation division is expected to grow at a 10% rate - CEO interviewed: 60M US homes are under-insulated - insulation is the best way to cut energy costs & can improve the resale value of a home - 8 tons of fiberglass goes into each wind tower blade - see 15-20% growth in wind tower construction for the next 5-10 years - roofing will be profitable in the 2nd qtr - Cramer says this is a good oppty to buy the stock (part of Cramer's Wind-ex of wind stocks)
24.82
+0.32%
06/24/08
like it as a wind play - McCain is taliking up wind
23.29
-5.86%
07/15/08
on Thursday the Texas Public Utility Commission will discuss The Windpower Initiative and may issue a final order to create eight competitive renewable energy zones to allow wind farms to connect to the electrical grid - this will be huge for the wind industry and should send the wind stocks higher
20.86
-15.68%
07/31/08
had blowout qtr - attributed wind business as a factor - predicited that the wind segment will grow in the high double digits for the next decade
26.01
+5.13%
08/15/08
still like it as a wind play - stick with it
25.26
+2.10%
11/03/08
stock will benefit from an Obama win because of wind exposure
16.04
-35.17%
11/21/08
makes composite materials for windmills - reported a better than expected qtr but the stock is way down - lower oil prices & weak housing have hurt the insulation business - the strong dollar is hurting the bottom line - CEO interviewed: we are pleased with our performance & are seeing good demand for asphalt roofing - in the US wind development by utilities has slowed with the drop in oil prices & tight credit - see Europe slowing next year - Cramer says he can't pound the table - could go lower - but would buy it at lower prices
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