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Masco stock back at prewar levels after bumpy ride amid uncertainty.(News)(Company Profile)
Crain's Detroit Business, May, 2003
Byline: Michael Strong The stock price of Taylor-based Masco Corp. has been on a roller-coaster ride this year as general investor confidence has waned and risen. Masco, one of the world's largest makers of home-improvement and building products, saw it stock price lose more than $5 as the United States prepared to go to war with Iraq in March.
As consumer confidence dropped because of the uncertainty and energy prices rose, Masco (NYSE: MAS) was particularly susceptible to the investor wariness. But since the end of the war, the price has bounced back and beyond prewar levels. It closed Friday at $22.80. "They're not much different than the rest of the companies in their peer group,'' said Keith Hughes, an analyst at SunTrust Robinson Humphrey....
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