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Martin Whitman Recent Buy: Masco Corp
2015-07-01 02:08:30| Furniture - Topix.net
Martin Whitman is founder and portfolio manager of the Third Avenue Value Fund. Whitman is a 1949 graduate of Syracuse University, which recently renamed its School of Management after Whitman, after a large gift from him in June 2003.
Masco To Spin-Off TopBuild; Expect Improved Operating Performance Over Next 18-36 Months
2015-06-30 14:39:38| Furniture - Topix.net
U.S. new home sales rose by 2.2% in May to an annual rate of 546,000 units; this represents the highest level since February 2008 according to U.S. Department of Commerce. If the sales momentum continues and new housing starts increase to meet demand, Masco spin-off TopBuild Corp. should see a considerable benefit in revenue growth and increased operating profits.
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Masco board OKs spin off of Daytona unit
2015-06-11 04:37:12| Furniture - Topix.net
The World's Most Famous Beach - home to three public companies: International Speedway Corp., Brown & Brown and Consolidated-Tomoka - will soon add a fourth company to its list. Taylor, Michigan-based Masco Corp.'s board of directors this week approved the company's previously announced plans to spin off its Daytona Beach-based Masco Administrative Services division as an independent publicly traded company.
Masco Corporation Approves Spin-off of TopBuild Corp.
2015-06-09 02:18:54| Furniture - Topix.net
In the spin-off, Masco will distribute 100% of the shares of common stock of TopBuild. The distribution of TopBuild shares is expected to be completed after the New York Stock Exchange market closing on June 30, 2015, with Masco stockholders receiving one share of TopBuild common stock for every nine shares of Masco common stock held at the close of business on the record date of June 19, 2015.
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Masco Receives Consensus Rating of "Buy" from Analysts
2015-05-29 18:04:40| Furniture - Topix.net
Masco has received a consensus rating of "Buy" from the fifteen ratings firms that are presently covering the company, Stock Ratings Network.com reports . Seven investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company.
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