BECN - Sector:Capital Goods --- Industry:Constr.Supplies & Fixtures

[setravis]

Could be an Inverted Head and Shoulders (reversal) Pattern.


Technicals
Close Above the 50-day MA
Close Above the 13-day MA

Last Price Quote is:
0.76%above 13-day MA
0.31%above 50-day MA
RS Rating: 74 

Fundamentals
Earnings Expected on Dec 14...............

Key Data:
Market Cap (M): $865.04 
P/E Ratio: 18.88 
PEG Ratio: 1.01111 
Next Earnings: 12/06/2006
Last Analyst Rating: Mkt Perform

[setravis]

Back above the 50-day MA


Last Split Factor (new per old): 3:2
Last Split Date: 13-Jun-06

52wk Range: 14.97 - 28.97
Volume: 460,251
Avg Vol (3m): 839,103

Technicals
Close Below the 50-day MA
Percentage Gainer

Last Price Quote is:
7.73%above 13-day MA
4.58%above 50-day MA
RS Rating: 16 

Fundamentals
Key Data:
Market Cap (M): $732.00 
P/E Ratio: 16.53 
PEG Ratio: 1.00578 
Next Earnings: 05/09/2007
Last Analyst Rating: Mkt Perform

[setravis]

UPDATE 1-Beacon Q3 results beat Street estimates, shares up
Fri Aug 8, 2008 8:42am EDT

Aug 8 (Reuters) - Beacon Roofing Supply Inc (BECN) posted a better-than-expected quarterly profit on increased sales of its residential roofing products and higher prices, sending its shares to a 52-week high in trading before the bell.

For the third quarter ended June 30, the distributor of roofing materials and complimentary building products reported net income of $18.3 million, or 41 cents a share, compared with $11.5 million, or 26 cents a share, a year ago.

Revenue rose 6 percent to $514.6 million, mainly on organic sales growth.

Analysts on average were expecting earnings of 31 cents a share, before special items, on revenue of $480.8 million, according to Reuters Estimates.

Sales of the company's residential roofing products increased 12.4 percent, helped by strong re-roofing and commercial roofing markets.

Non-residential roofing was up 7.4 percent, but sales of complimentary products such as siding, windows, specialty lumber products and waterproofing systems dropped 11 percent.

Shares of the Peabody, Massachusetts-based company closed at $13.54 Thursday on Nasdaq. They were up 18 percent at $16 in trading before the opening bell.

[setravis]

AP
Beacon Roofing 3rd-qtr profit up nearly 60 percent
Friday August 8, 9:48 am ET 
Beacon Roofing Supply's 3rd-quarter up nearly 60 percent as residential roofing sales rebound


PEABODY, Mass. (AP) -- Beacon Roofing Supply Inc. said Friday its fiscal third-quarter profit jumped nearly 60 percent as it passed along price hikes, held down costs of some goods and sold more high-margin residential roofing products, all of which offset sharply higher fuel costs.


For the three months ended June 30, net income jumped to $18.3 million, or 41 cents per share, compared with $11.5 million, or 26 cents per share, in the year-earlier quarter.

Analysts polled by Thomson Financial expected earnings per share of 31 cents.

Revenue climbed 6 percent to $514.6 million from $484.9 million, topping analysts' estimate of $480.3 million.

Beacon said in a statement that the quarter's improvement stemmed mostly from its ability to pass through increases in residential shingle prices as they were announced by vendors.

"However, cost of goods sold did not increase at the same time or rate due to favorable buying programs and the lower-cost inventory on hand before the price increases."

Additionally, there was a 13 percent increase of higher-margin residential roofing products in Beacon's sales mix.

Chief Executive Robert Buck, in a statement, said he is seeing "growth in residential roofing sales after a prolonged period of softness in that market."

Shares of Beacon Roofing rose 84 cents, or 6.2 percent, to $14.38 in morning trading. The stock earlier hit a new year high of $15.35. It has ranged between $6.70 and $14.96 over the past year.

[setravis]

Beacon Roofing sales through the roof.......

third quarter net income shot up 60 percent to $18.3 million compared with $11.5 million in 2007, the company reported on Friday.

Peabody, Mass.-based Beacon Roofing Supply (Nasdaq:) also said in its fiscal 2008 third quarter sales increased about six percent to $514.6 million in 2008, up from $484.9 million in the third quarter of 2007. The company said that the sales boost was due to a 6 percent increase in organic sales.

Gross profit in the third quarter was $120.2 million, up $12.3 million from 2007.

Operating expenses increased $2.1 million, or 2.5 percent, due, in part, to higher fuel prices, the company said.


52wk Range: 6.70 - 15.35
Volume: 3,310,579
Avg Vol (3m): 576,795
Market Cap: 650.93M
P/E (ttm): 32.96
EPS (ttm): 0.45
Div & Yield: N/A (N/A)

Technicals
Record Price High

Last Price Quote is:
11.29%above 13-day MA
22.69%above 50-day MA
RS Rating: 94 

Fundamentals
Earnings Surprise
Earnings Expected on Aug 8

Key Data:
Market Cap (M): $651.18 
P/E Ratio: 24.93 
PEG Ratio: N/A 
Next Earnings: 12/03/2008
Last Analyst Rating: Outperform

[setravis]

With this analysis in mind she just may be a good short...   

Stocks Poised to Plunge: Beacon Roofing?
April 16, 2009
Based on the aggregated intelligence of 130,000-plus investors participating in
roofing material distributer Beacon Roofing Supply (Nasdaq: BECN)

With that in mind, let's take a closer look at Beacon Roofing's business.

Beacon Roofing facts

Headquarters (founded)
Peabody, Mass. (1928)

Market Cap
$627.72 million

Industry
Trading companies and distributors

TTM Revenue
$1.85 billion

Management
CEO Robert Buck (since 2003)
COO Paul Isabella (since 2007)

52-Week Price Change (BECN and S&P 500)
37.5% and (37.5%)

Competitors
Builders FirstSource (Nasdaq: BLDR)
Bluelinx Holdings

members bearish on BECN also bearish on
Ryland Group (NYSE: RYL)
D.R. Horton (NYSE: DHI)
Pulte Homes (NYSE: PHM)

members bullish on BECN also bullish on
Wal-Mart (NYSE: WMT)
General Electric (NYSE: GE)

35 of the 82 members who have rated Beacon Roofing -- or 43% -- believe the stock will underperform the S&P 500 going forward.

*In December,members warned that Beacon Roofing might need to be replaced:
[Accounts receivable] is increasing disproportionately to [net income]. But what's worse, is that management keeps "hyping" the stock with statements about increased demand for their roofs....

A tightening cash position coupled with mounting debt will prove fatal in an environment where building materials won't be needed on the same scale for at least a couple more years.

*In a pitch from last month, members  also noticed a few holes in the roofer:
The little roofing company that seems to be bucking the building trend in a big way. This past quarter beat analysts to shreds and made a very good profit...however, just like you sometimes need to discount one time losses, sometimes you need to discount gains....profit was up due to Hurricane IKE. No hurricanes forecast the next two quarters, although there might have been some ice damage.....

If roofing is so good why are insiders selling like the house is on fire? 255% quarterly Q/Q growth not sustainable. Debt high, Inventory high, negative net tangible assets, watch accts receivable and change in liabilities in the cash flow.
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52wk Range: 9.01 - 18.74
Volume: 397,088
Avg Vol (3m): 601,076
Market Cap: 664.93M
P/E (ttm): 12.45
EPS (ttm): 1.19
Div & Yield: N/A (N/A)

Technicals
Last Price Quote is:
6.61%above 13-day MA
14.17%above 50-day MA
RS Rating: 75 

Fundamentals
Key Data:
Market Cap (M): $650.59 
P/E Ratio: 12.22 
PEG Ratio: 1.04895 
Next Earnings: 05/08/2009
Last Analyst Rating: Mkt Perform

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