I was looking at this last week and knew it was getting crazy when it hit $60, but I didn't sell because of CGT. I have learnt my lesson now!
"Shares of James Hardie were up nearly 35% in the last three months leading up to the earnings announcement, in part thanks to rumors out of the company's native Australia that private equity might be interested in taking the company private. There was no reference to any deal talk in the earnings discussion, which could have led some deal speculators to take their gains and move on. And the company's guidance didn't fully live up to the hype implied in the dramatic share rise. James Hardie expects fiscal fourth-quarter North American volumes to be in the range of 750 million to 780 million standard feet, or relatively flat compared to the 767 million standard feet of product shipped in the most recent quarter."
JHX Price at posting:
$54.19 Sentiment: Hold Disclosure: Held
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