CEO WIlliam Foote

If you believe management at USG (USG), the worst for housing looks to be over. CEO William Foote recently said "The commercial market, which had remained relatively stable during the collapse of the housing market may have reached its peak. So our major market segments are weak, but any further declines are likely to be less severe than that which we've already experienced. Said another way, we believe the drama is over and it's now about working through the bottom and getting back to a... Read Full Story

OMG, I guess Warren Buffett wasn't right about every company that he buys. As I stated before on my previous post I think USG's profit will fall with the housing crash because their main business is drywalls, what do you think is going to happen to them when no one is building any houses. USG Corp. 3Q profits nosedive due to U.S. housing market doldrums Profits at Chicago-based USG Corp. plunged 95.4... Read Full Story

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