Mar 04th 2013 - Edison Investment Research today published a report on Tenon entitled "Starting To Roll". In summary, the report says:
Tenon’s H1 results accurately reflect the emerging recovery underway in the US housing market with new build exposure leading the way. Tenon is well positioned here and for the recovering renovation and re-modelling market, a traditionally stronger area for the company. No further earnings guidance was given, but our existing headline estimates are unchanged as are our valuation illustrations which continue to suggest 50%+ share price upside.
Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »
