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Beacon Roofing Supply Inc (BECN)

NASDAQ
Currency in USD
Disclaimer
99.00
+1.44(+1.48%)
Closed
After Hours
99.000.00(0.00%)

BECN Comments

Q3 is gonna be rough
Nicholas, do you think BECN is a good buy here? I'm seeing a lot of roofing projects in my neighborhood.
This might get worse. Supply issues, trucking shortages, and commercial roofing is taking a beating 💓
If the don't properly capture the increases happening in the industry you will see margins fall for them. They can't get fasteners, plates, or adhesives for their commercial roofing. And tis the season for roofing. They are traditionally the "low guy" in the market and already leave money on the table. sorry share holders
BECN has not met the financials the past 2 quatera and dont have much cash on hand , may take a while to recover and continue to drop
Its been going up
If you are watching this stock, I suggest you pay attention to housing starts, mortgage rates, and consumer pyschology. Prices for materials are soaring, we are on our third price increase since pandemic. I work for ABC Supply, a private company, who is a competitor of Beacon. These increases could be a catalyst for a pull back, and will go into effect on April 1st to distribution. They have not been small. At this point, the cost of shingles have risen 25%, and lumber has quadrupled. So you may see a pull start and continue for a little bit. I already have customers telling me it is slowing down. That's my $.02.
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