Jim Cramer - Mad Money Builders FirstSource BLDR-Q BUY Jan 03, 2024

Up 99% in the past 6 months. It keeps going up and he can't get in. Are they the next Home Depot or Lowes?

It consolidates in a fragmented industry. Is up 1000% in the past 5 years. Was pressured by rising rates, but shares have rebounded since its last quarter. Rates have flatten and will decline while housing demand is huge.

Shares have been climbing because it trades at a ridiculously low PE to Home Depot. Also, BLRD targets professional homebuilders, not amateur DIYers, and the pros are doing well for Home Depot.

Likes it, but recent comments by Lowes and Home Depot was not constructive. He fears another leg down for this segment. 

The largest supplier of building products for pro builders. They have distribution centres across the U.S. and they are consolidating in a fragmented industry. Is up 680% over 5 years, though -8% YTD. They just reported: matched revenues, but blew away EPS, but cut its full-year sales and adjusted EBITDA guidance, though announced a near-$1 billion share buyback.