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No. of Recommendations: 0

Owens Corning, a great building supply manufacturer (insulation, roofing, fiberglass, think Pink Panther TV commercials), a strongly profitable company, went into bankruptcy a while back because the lawsuits brought about by their earlier use of asbestos in insulation threatened to destroy the company.

 

They piloted their way through bankruptcy, established a reasonable trust fund to handle the asbestos claims, and came out of bankruptcy the first week of November.

 

They're a 68-year old company, well run, profitable, and a "new" stock on the market, 3.2B market cap, 103.2M shares, stock price closing today at 31.47. Their return to the market (ticker: OC) is apparently unknown to most. Stock price has been going up well over the month; I've made 8% since buying in on 11/16. It's my second largest stock investment, and I wish I had more money to invest in this company. I can't see any downside to it.

 

Yet, I can't rate it on CAPS because it doesn't even come up when I search on the company's ticker. Why is CAPS so slow to add a "new" stock that meets all of the CAPS criteria (market cap and price hugely above the minimums)?

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