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No. of Recommendations: 2
posted by frankdip on inside value usg board re todays action:

Recommendations: 3

MoPicks - you are probably right about the timing as I tend to be overly optomistic, however in my investing strategy time is not very important, a year one way or the other won't make much of a difference to me - much more importantly is that my thesis for the company's long term performance is correct. If my thesis is correct we and the cmpany will make money, eventually.

Today the stock is up 25% on the first Obama stimulus news that would allow companies with 2008 tax losses to roll those losses back for five years for their prior tax returns. This would allow a company such as USG to file amended returns reducing their profits for tax years 2003 thru 2007 based on their losses in 2008. This recovery of past paid taxes will go right to USG's bottom line.

Although I can not predict the actual stimulus plans my general theory is that home ownership and companies involved with home ownership will be big beneficieries of the new administration's tax/stimulus policies.

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