BlueLinx Holdings: Recovering Top Line And Divestment Of Assets Should Help In Deleveraging



A stock shelf registration caused the stock to drop 28%. I don't think it will be used.
Four more assets were sold. I think the remaining 24 properties could be sold in 2020 without any problems.
Volumes recovering as market share is recouped. I am bullish on lumber prices as long as the Fed does not increases rates in 2020 as insinuated by them.
Tight cash flow situation that could be enhanced by selling the remaining assets.
I am still bullish on BXC with a target price of $50.



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