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Headwaters EPS Beats Estimates
Posted on Tuesday, November 06, 2007 1:00 PM
Headwaters Inc (HW) opened at 13.93. So far today, the stock has hit a low of 13.38 and a high of 13.97. HW is now trading at 13.90, up 0.75 (5.38%). The stock hit its 52 week high of 25.44 in February and set its 52 week low of 12.96 in November. HW has been dropping for most of the past year. Headwaters reported today fourth-quarter adjusted earnings of $27.5 million helped by improved performance across all its business segments. The company posted a profit of 59 cents a share on revenue of $322.5 million, topping analysts' estimates for a profit of 52 cents a share, on revenue of $302.5 million. Technical indicators for the stock are bearish and steady. If you’re looking for a hedged trade on this stock, consider a December bull-put credit spread below the $12.50 level. HW stock could fall up to 10.1% before expiration and this position would still be profitable. [RHF - Seven Summits Strategic Investments NewsBite]