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No. of Recommendations: 3
Hmmm, USG at around $27, high $27.50 today.

I have been out for a long while. I just don't see a decent upside from the high $20s.
What earnings and multiple do you have to see to get a price that represents a good return starting from today?
Is that multiple ever going to happen, given the ugly record of the last decade?
Oh, and don't forget that whopping 26% dilution that's coming soon.
Passing the low $30s might be a long, hard slog.
I can't imagine Mr Buffett would be a buyer of today's USG at today's prices in a million years.

Aren't there other things that offer better returns? Less cyclical, to boot.
If you like it because it's a quirky Buffett pick and therefore it must be wonderful, switch the money to Posco.
Trading at under 10x currently depressed run rate earnings (about 5.1x recent cyclical peak EPS).
Just sayin'...best of luck, all.

Jim
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