Boral warns

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Via BLD:

Stock -8%. So, not so much the residential slowdown as one-off issues. At least that’s what they say. But the WA experience is going to spread east over the rest of this year so I wouldn’t be cautious buying the dip on this one:

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.