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OC: Bull or Bear?
Top Picks 2011: Owens Corning (OC)
OC
-5.52%
in
520 days
Filed under: Newsletters, Stocks to Buy, Housing, Best Stocks for 2011  This post is one in a series in which more than 60 newsletter advisors share their Top Stock Picks for 2011. This special report is courtesy of TheStockAdvisors.com.
"Founded in 1938, Owens Corning (OC) -- my top pick for 2011, is a leading manufacturer of building products, including insulation, roofing products, and composite materials," says George Putnam. <>The editor of The Turnaround Letter explains, "The stock looks quite cheap, particularly for a company with such a strong business franchise in a temporarily depressed...
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Owens Corning: A Construction Turnaround
OC
+2.87%
in
13 days
(closed on 01/02/11)
Filed under: Newsletters, Commodities, Stocks to Buy, Housing  "Founded in 1938, Owens Corning (OC) is a leading manufacturer of building products, including insulation, roofing products, and composite materials; the stock looks quite cheap, particularly for a company with such a strong business franchise in a temporarily depressed sector," says George Putnam.
The editor of The Turnaround Letter explains, "From the early 1950s through the early 1970s some of the company's insulation products contained asbestos.
"This led to massive legal liabilities in the 1990s, which forced the company to fi...
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Energy savers: Betting on Obama's new New Deal
OC
+93.98%
in
699 days
(closed on 12/20/10)
Filed under: General Electric (GE), Newsletters, Commodities, Oil, Stocks to Buy, Green Stocks, Obama Picks "President Obama has stated that he's been studying Roosevelt's first 100 days and the way out of the current economic mess will look a lot like the New Deal," says David Fessler. The advisory panelist for The Oxford Club explains, "Seventy-five years after Roosevelt's inauguration, I think we will soon see President Obama get the ball rolling on his version of the New Deal, focused on two very specific areas: energy and infrastructure." Here, he looks at stocks poised to benefit. <>"Sav...
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Owens Corning Beats: Housing Downturn Won't Destroy Earnings
OC
+10.81%
in
1401 days
<>One things says it all, "sales growth in our global composites business continued to be solid."<> Back in February I said that one ought to expect a storm or two this year and that the $240 million EBIT the company predicted at the time was too conservative. (Call Transcript)
Owens Corning (OC) said it now estimates that 2008 adjusted EBIT will be at least $265 million, a 10-percent increase from its prior estimate of at least $240 million.
More good news was that Owens Corning repurchased approximately 1 million shares at an average price of $23.55 during the second quarter of 2008. This repre...
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Owens Corning: Showing Benefits of Move Away from Housing & Into Composites
OC
-0.30%
in
4 days
(closed on 08/03/08)
Looks like the St. Gobain deal will be paying off in spades for Owens Corning (OC). Owens acquired the Gous-Khrustalny, Russia, production facility as part of its 2007 acquisition of Saint-Gobain's composites businesses.
OC announced that it will more than double the production capacity of its glass fiber composites facility in Gous-Khrustalny, Russia, to meet growing global demand.
<><>This investment will serve existing customer growth in Russia and throughout Europe and the Middle East," said Mike Thaman, chairman and chief executive officer. "The expansion leverages our 2007 acquisition o...
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A Great Discovery - Cramer's Stop Trading! (6/10/08)
OC
+24.55%
in
1454 days
Recap of Jim Cramer’s comments on Stop Trading! Tuesday June 10.
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Owens Corning (OC): While many might think of insulation an blades for windmills as boring, Cramer says OC’s technology could cut energy costs by 40%. Owens-Corning has not gotten the press it deserves because it is considered to be a housing and construction stock, but Cramer notes that on more careful investigation, it is actually a great alternative energy play.
<><>Discovery Holding Company (DISCA): While Cramer is not a fan of radio, he is bullish on cable and in particular, on DISCA because “it has a lot of <><><>...
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Cramer on BloggingStocks: Oil's rise is fueling the wind plays
OC
+5.07%
in
1475 days
Filed under: Market matters, Anadarko Petroleum (APC), Oil, Stocks to Buy, Cramer on BloggingStocks  TheStreet.com's Jim Cramer says as crude goes higher, it makes more and more sense to go for other energy options.
Every day that oil goes up, there is a new set of technologies that had formerly been priced out of the market that comes back to life. Let's take wind. Wind, in itself, just seems so stupid. It needs, well, wind. Much of our country doesn't have enough wind to make this economic. There are only certain regions that can really benefit.
But when oil is at $130, SO WHAT! The par...
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Cramer on BloggingStocks: Oil's not the widespread tax it used to be
OC
+0.86%
in
2 days
(closed on 05/21/08)
Filed under: General Electric (GE), Exxon Mobil (XOM), Market matters, Halliburton (HAL), Schlumberger Limited (SLB), Alcoa Inc (AA), Archer-Daniels-Midland (ADM), Bank of America (BAC), Boeing Co (BA), Chesapeake Energy (CHK), Chevron Corp (CVX), duPont(E.I.)deNemours (DD), Office Depot (ODP), Deere and Co (DE), Honeywell Intl (HON), United Technologies (UTX), Eaton Corp (ETN), Anadarko Petroleum (APC), Oil, Stocks to Buy, Burlington Northern Santa Fe (BNI), Norfolk Southern Corp. (NSC), Union Pacific Corporation (UNP), Cramer on BloggingStocks, Potash Corp. of Saskatchewan (POT) <>TheStreet....
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Buffett Should Have Picked Owens Corning Over USG
OC
+12.76%
in
1481 days
<>I have been a holder of Owens Corning (NYSE: OC) for a little over a year now. I was first attracted to the company after Warren Buffett began to build a position in USG Corp. (NYSE: USG). USG and Owens Corning are very similar, as both are tied a great deal to the U.S. economy and the housing market in particular. Yet in comparing the two it is clear that Owens Corning is the better investment. The most recent quarterly report by Owens Corning reinforces this view of the company. I won’t go into the quarterly numbers in detail as a great write up, written by Todd Sullivan, can be foun<><>...
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Owens Corning Earnings: Diversification Working
OC
+16.64%
in
83 days
(closed on 07/30/08)
Owens Corning (OC) reported results yesterday and they were better than
expected, primarily because of the company's intentional move to a
more international model.<!--more--> (See Transcript) Owens
posted a net loss of $15 million, or 12 cents a share, compared with a
profit of $1 million, or 1 cent a share, a year earlier. Sales rose 20
percent to $1.35 billion, ahead of estimates for $1.22 billion.
Adjusted earnings from continuing operations were 7 cents per share,
which was 4 cents ahead of forecasts. <> In the first quarter of2008, Composite Solutions, Insulating Systems, Roofing and Asph...
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