WESTON, FL -- (MARKET WIRE) -- 03/15/07 --
Wall Street News Alert's "stocks to watch" this
morning are: Greenstone Holdings, Inc. (PINKSHEETS: GSHG), Countrywide
Financial Corporation (NYSE: CFC), Masco Corporation (NYSE: MAS) and Lowe's
Companies, Inc. (NYSE: LOW).
Greenstone Holdings, Inc. (PINKSHEETS: GSHG) has issued news which could
excite investors as it appears to further the company's product expansion!
The company, which is in the business of providing a variety of unique
chemical technologies that are primarily used in the building and
construction industry, issued a press release Wednesday after the markets
closed, announcing that Lucedale Forest Products Inc., a wooden pole
manufacturer of Lucedale, Mississippi, has committed to construct a
treatment facility to produce composite wood fence posts using the
Company's product GreenShield(TM), its proprietary chemically created
polymer and wood. The composite fence post will be resistant to water,
moisture, and fire.
"We are very excited to be the first manufacturer to introduce
GreenShield(TM) composite material into the market as we like the
protection it will give to our products and its cost effectiveness. We are
hoping to introduce other lines of wooden composite products after our
fence post line," said Steve Eubanks, Chief Executive Officer of Lucedale
Forest Products.
Wall Street News Alert first initiated coverage of Greenstone Holdings in
mid-February when the company announced that Market Advisors had began
coverage on the company with target price of $0.45. In addition, Earlier
this month, Beacon Equity Research Analyst, Lisa Springer CFA, rated the
company a "Speculative Buy" with a target price of $0.25.
It was noted in the Market Advisors release that Greenstone's technology is
based on its proprietary green technology which is a unique chemical theory
developed by leading experts in the field of polymer science. Furthermore,
the technology used by Greenstone helps in cost reductions, increases
operational efficiencies and helps pave the way for improvements in future
product quality.
The demand for chemically treated wood, paper and concrete will grow from
both increasing use on pretreated materials as well as from newly treated
materials. Industry analysts forecast that the demand for chemical
treatments will increase by at least 50% by 2010.
Wall Street News Alert is continuing to place Aggressive Investors on alert
to monitor the progress of Greenstone Holdings! The company, through its
operating subsidiaries, is in the business of providing a variety of unique
chemical technologies that are primarily used in the building and
construction industry. The Chemical Technology Division's first brand name
product, GreenShield(TM), offers building materials such as plywood,
drywall, and lumber protection from the environment. It also offers added
fire retardancy to the material it is applied to. GreenShield covers a wide
range of applications such as building material, fencing, railroad tie, and
utility pole. The $25 billion water damage market is one example of several
in which GreenShield(TM) could have applications.
http://www.egreenstone.com/documents/FactSheet.pdf
Prior to the latest press release, the stock closed Wednesday at around
Three cents a share.
For an in-depth profile of Greenstone Holdings visit
http://www.thenewssvc.com/GSHG031407.html.
Countrywide Financial Corporation (NYSE: CFC) up 2.6% on 29.9 million
shares traded. Countrywide Financial Corporation is a diversified financial
services provider and a member of the S&P 500, Forbes 2000 and Fortune 500.
Masco Corporation (NYSE: MAS) up 1.9% on 8.7 million shares traded. Masco
Corporation is one of the world's leading manufacturers of home improvement
and building products as well as a leading provider of services that
include the installation of insulation and other building products.
Lowe's Companies, Inc. (NYSE: LOW) up 0.9% on 18.2 million shares traded.
Lowe's Companies, Inc. are one of the largest home improvement retailers in
the world.
Market Commentary:
"The trade deficit hit a record for the 5th year, and the Commerce
Department reported that the imbalance in the current account jumped by 8.2
percent to $856.7 billion, representing a record 6.5 percent of the total
economy. It marked the fifth straight year the current account deficit set
a record," stated Sonja Rudd in Wall Street News Alert's daily commentary
continued at: http://www.WallStreetNewsAlert.com.
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