Below is a sample of one of the companies (Owens Corning NYSE:OC) that was in our latest Quarterly Focus List which highlights 5-7 buy ideas that we find compelling for the near term future. All of the companies released in this list have attractive valuations and a clearly identified short term catalyst for outperformance.
Overview: Owens Corning is a leading global producer of residential and commercial building materials, including glass fiber insulation, roofing shingles, glass-fiber reinforcements for products such as cars, boats, wind blades and smart phones; and engineered materials for composite systems. Founded in 1938, the company now operates in 26 countries with approximately 15,000 employees and generates annual revenues greater than $5 billion. OC emerged from bankruptcy in 2006 after filing for Chapter 11 in 2000 due to asbestos litigation. We like OC for the following reasons: