Builders FirstSource Analyst Coverage: Probuild Bid Revives Investor Interest and Sends Stock Sky High by BrokerBank Securities, Inc.
NEW YORK, April 15, 2015 /PRNewswire/ -- Builders FirstSource, Inc. (NASDAQ: BLDR) a Dallas, TX based supplier and manufacturer of structural and related building products recently announced the acquisition of ProBuild, a privately held lumber and building materials supplier based in Denver. The acquisition is estimated at $1.6 billion and is believed to be immediately accretive to Builder FirstSource's earnings. Management is leveraging up its balance sheet to pay all cash in the transaction.
ProBuild recorded revenue of approximately $4.5 billion in 2014, while Builders FirstSource reported $1.6 billion. Management is thrilled about this acquisition as it opens up geographic regions for the company to sell their products and services. With the recovering housing market in the US, Builder FirstSource is positioning itself for the next phase of growth for shareholder value.
For a more detailed research report with analyst comments and recommendation on Builder FirstSource, Inc. please follow the link. There is no cost obligation required to view analyst brief:
http://bit.ly/-BLDR-AnalystReport
Copy and paste to browser may be required.
This report was prepared for informational purposes only. Affiliated parties involved with producing and issuing this report have not been compensated in any form by profiled company. A full disclaimer can be found by viewing the full analyst report.
FORWARD-LOOKING DISCLAIMER
This report may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of mentioned company to be materially different from the statements made herein.
COMPLIANCE PROCEDURE
Content is researched, written and reviewed on a best-effort basis. This document, article or report is written and authored by Robert Borowski, CFA Candidate. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below. We do not engage in high frequency trading.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
BrokerBank Securities, Inc. is a member of the Financial Industry Regulatory Authority, CRD number #130116.
SOURCE BrokerBank Securities, Inc.
Share this article