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Equity Research Database
Institutional Investment Pitches
Explore thousands of hedge fund pitches, high-conviction equity research memos, and portfolio manager commentary extracted from quarterly letters.
Explore thousands of hedge fund pitches, high-conviction equity research memos, and portfolio manager commentary extracted from quarterly letters.
Getting out of jail cost money at Builders FirstSource (NYSE:BLDR), the largest distributor of building materials, roof frames, windows and lumber to US home builders. It was the...
— Steve Johnson
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Other investors who've written on Builders FirstSource, Inc.
Builders FirstSource manufactures and distributes building materials, prefabricated roof and floor trusses, and specialized framing components primarily for residential homebuilders across the United States. Black Bear maintains...
Builders FirstSource, Inc. ($BLDR) was completely liquidated during the quarter to reduce direct portfolio exposure to the housing market.
The manager views Builders FirstSource as a historical template of a successful investment in building products distribution after the 2009 housing collapse. Despite experiencing significant...
More institutional theses from Forager International Shares Fund
Wix.com operates a cloud-based web development and hosting platform enabling individuals and businesses to build and manage digital storefronts and websites without coding expertise. The manager initiated...
Northsand is a Japanese information technology consulting firm focused on enterprise digital transformation and legacy IT modernization. The manager maintains...
Crocs is a global footwear designer, distributor, and marketer best known for its casual foam clogs and the HeyDude casual footwear brand. The manager exited...