Masco: Building on the Housing Boom.
Kiplinger's Pick of the Day Web Feature, July, 2003
Byline:Kiplinger Washington Editors Faucet-maker Masco (MAS) is making the most of the seemingly unflappable housing boom.Masco, which also makes cabinets and installation units for kitchens, bathrooms and home offices, markets to such do-it-yourself meccas as Home Depot and Lowe's, and to the construction pros.Although the stock isn't exactly a highflier, it did warrant mention in the most recent issue of Standard & Poor's Outlook newsletter for its discount-level P/E paired with a generous annual dividend.
The report, which gives weekly, unbiased analysis of S&P companies, says it expects Masco's sales to climb 15% this year, as more homeowners upgrade their purchases with extra cash they got from low mortgage rates and refinancing.The stock looks like...
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