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Fly News Breaks for August 15, 2016
DOOR
Aug 15, 2016 | 07:23 EDT
RBC Capital analyst Robert Wetenhall says that the 7.9% decline in Masonite's stock following its Q2 results was due to concerns about the company's pricing and profitability that "appear to be largely unwarranted." The analyst says that the company's pricing was "favorable," but "was obfuscated by an unfavorable mix due to increased sales of less expensive interior doors." He thinks that the company's pricing trends will continue to be positive, and notes that a one-time $10M investment by the company also lowered its profits.
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