Monday, December 05, 2005

Sell Building Materials Holding Corp. (BMHC)?

The changing risk/reward relationship of BMHC probably means that it's time to sell. The housing market is slowing down, and after a lag, can be expected to take BMHC down with it. Already, for several weeks now, BMHC has been dropping significantly while the indexes have been rising significantly.

It's sad to part from a friend who has given me roughly a 170% annualized return, which comes out to about 298% total return, but what really bothers me is that at first glance I can't find anything obviously worthwhile to do with the resulting cash.

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