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DewDiligence

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DewDiligence

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Re: DewDiligence post# 2572

Monday, 04/25/2011 5:29:01 PM

Monday, April 25, 2011 5:29:01 PM

Post# of 30493
PCL addendum: CEO Rick Holley says US housing starts are running at only 1/3 of the steady-state rate justified by demographics. If the rate of housing starts should ever increase to the extent that Holley expects, it would be very bullish for PCL. However, my premise for owning the stock does not assume that such an increase will occur in the next few years.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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