Aug 19th 2013 - Edison Investment Research today published a report on quickview entitled "Building Faith". In summary, the report says:
James Hardie is an attractive investment proposition. Management expects fibre cement to grow from 15% to 35% of the US cladding market in the longer term as a substitute for high-maintenance wood and vinyl. Q1 results indicate a strong cyclical upswing is underway in the US. Group margins are consequently rising. 2014 consensus EBIT, although higher than guidance, looks achievable and the stock offers an attractive dividend yield.
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