Owens Corning Price Dips, While Acquisition Will Generate Growth

jetcityimage Investment thesis for Owens Corning Building materials giant Owens Corning (NYSE:OC) is on a roll. Its roofing, insulation, and composites businesses are going strong, and it has just acquired the door and door systems firm Masonite. It also has a dividend that has delivered a CAGR of 21.48% per year over the past five years. And the share price dipped 18.62% over the first five days of August, before regaining 2% over the following two trading days. I argue the stock is currently undervalued, ...