Fastnel Misses Wall Street Expectations Again
Excerpt from the InvestorGuide.com Stock of the Day on 7/13/2009

Fastnel (FAST: Charts, News, Offers) reports a 43% drop in its second quarter earnings. The construction supplies company watched its net income plummet to $43.5 million from $76.2 million a year ago. Fastnel's sub-par quarter performance marks the second straight quarter that it has failed to meet Wall Street expectations. What is the cause of Fastnel's recent slump? How is this performance going to impact its future? More >

First Major Consolidation in Home-Building Industry, Pulte Homes acquires Centex
Excerpt from the InvestorGuide.com Stock of the Day on 4/8/2009

The recession's first major consolidation in battered home-building industry will take place with Pulte Homes agreeing to buy rival Centex Corp. (CTX: Charts, News, Offers) for about $1.3 billion in stock. The companies came to a deal after Centex lost 70 percent of its value in the past year, while Pulte lost 30 percent. Creating the largest U.S. homebuilder by revenue, both companies are betting that consolidation will increase the chances of surviving the worse housing crash since the Great Depression. Will their bet payoff? More >

D.R. Horton Expects $800 Million Loss
Excerpt from the InvestorGuide.com Stock of the Day on 11/25/2008

As a sign of current economic conditions, D.R. Horton, a business that works on building homes in the US, reported a loss of $800 million. For D.R. Horton, this represents a 44 percent decrease in sales from the same period last year. Weak housing reports have been taking a toll on homebuilders for sure and clearly, the effects of the economy has been affecting home sales for sure. The question however, is whether or not the economy is entirely at fault. Another pressing question: is this the height of the recession or should we expect the worst to come after viewing all of this data? More >