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American Woodmark Whittles Through Base.(B)(NASDAQ STOCKS IN THE NEWS)
Byline: Christina Wise
American Woodmark ran up more than 164% between October and March, then dropped into its current 6 1/2-week base.
Though with a float of just 5 million shares the stock is rather thinly traded, it has managed to attract 62 mutual fund investors. Of these, 15 carry A ratings from IBD.
The firm makes kitchen cabinets and vanities, and sells them to builders, home improvement retailers and independent distributors.
Its earnings growth has accelerated over the last two quarters, climbing from 41% to 121% to 122%. Analysts expect April fourth-quarter earnings, to be reported June 26, to total 98 ...
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