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Even if you don't think you do, you already know plenty about commodities. Want us to prove it? No problem.
What makes oil produced in Saudi Arabia different from oil exported from Nigeria? It's the same thing that makes the corn you ate at last summer¿s barbecue different from the corn used to produce ethanol. Stumped? Well, don't feel bad, it's a trick question. The answer? Absolutely nothing. Corn is corn no matter where it comes from -- just as wheat is wheat and natural gas is -- right! -- natural gas. (Though the quality may differ, the make-up is uniform.)
So, in less elaborate terms, corn and oil (and all other commodities) are homogenous goods that can be processed, resold and more often than not, used as an input to the production of other goods or services. These goods are traded on a commodity exchange, thus setting the price-per-barrel (or other metric unit) used to value them.
Now pay attention, here's a question that indeed does have an answer: What is the difference between a commodity and a stock? While a stock can tank and become worthless, a commodity cannot have its value be wiped to zero. One other difference: Most commodities are traded in futures, meaning traders buy and sell where they think the price of a product will be at a certain point in the future. Stocks trade based on the value of the underlying company at that point in time.
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Wednesday, July 16, 2008
Builders FirstSource to Host Second Quarter 2008 Financial Results Conference Call and Webcast
Comtex
DALLAS, Jul 16, 2008 (PrimeNewswire via COMTEX) ----Builders FirstSource, Inc. (Nasdaq:BLDR) will hold a conference call and webcast on Friday, August 1st, to discuss the company's second quarter 2008 financial results and other business matters. The teleconference will begin at 10:00 a.m. Central Time and will be hosted by Floyd Sherman, Chief Executive Officer, and Charles Horn, Senior Vice President and Chief Financial Officer. A copy of the company's press release announcing its financial results and other statistical information about the period to be presented is expected to be made available after the market closes on July 31st, in the Investors section of the Builders FirstSource, Inc. Web site, at www.bldr.com. To participate in the teleconference, please dial into the call a few minutes before the start time: 877-719-9801 (U.S. and Canada) and 719-325-4762 (international). A replay of the call will be available at 1:00 p.m. Central Time through August 15th. To access the replay, please dial 888-203-1112 (U.S. and Canada) and 719-457-0820 (international) and refer to pass code 4056339. The live webcast and archived replay can also be accessed on the company's Web site at www.bldr.com.
About Builders FirstSource
Headquartered in Dallas, Texas, Builders FirstSource is a leading supplier and manufacturer of structural and related building products for residential new construction. The company operates in 13 states, principally in the southern and eastern United States, and has 66 distribution centers and 62 manufacturing facilities, many of which are located on the same premises as our distribution facilities. Manufacturing facilities include plants that manufacture roof and floor trusses, wall panels, stairs, aluminum and vinyl windows, custom millwork and pre-hung doors. Builders FirstSource also distributes windows, interior and exterior doors, dimensional lumber and lumber sheet goods, millwork and other building products. For more information about Builders FirstSource, visit the company's Web site at www.bldr.com.
This news release was distributed by PrimeNewswire, www.primenewswire.com
SOURCE: Builders FirstSource
Builders FirstSource, Inc. Katie Murphree, Director Investor Relations and Financial Reporting (214) 880-3595 Charles L. Horn, Senior Vice President and Chief Financial Officer (214) 880-3500
(C) Copyright 2008 PrimeNewswire, Inc. All rights reserved.
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