Has Armstrong World Industries' Pull-back Created an Opportunity?

Filed under: Stocks to Buy

Armstrong World Industries (AWI), first discussed here on November 8, 2010 at a price of $49.61, has pulled-back about 20% after a rise through key, psychological resistance at $50, but I still like the shares at this stage. Here's why:



Armstrong, a leading producer of flooring products and ceiling systems for commercial, institutional, and residential buildings, should benefit from the bottoming-process in both the U.S. housing sector and in commercial construction.



In 2011, the housing sector should notch a modest rise in both existing and new home sales; commercial real estate will likely need a longer time to recover. Even so, every Armstrong unit should register modest revenue growth in 2011, and if the U.S./North American economic recovery strengthens, 2011 revenue could increase substantially.

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Has Armstrong World Industries' Pull-back Created an Opportunity? originally appeared on BloggingStocks on Tue, 01 Feb 2011 15:30:00 EST. Please see our terms for use of feeds.

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