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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, May 14, 2008
Builders FirstSource to Present at JMP Securities Research Conference
Comtex
DALLAS, May 14, 2008 (BUSINESS WIRE) ----Builders FirstSource, Inc. (NasdaqGS: BLDR) announced today that Charles Horn, Senior Vice President and Chief Financial Officer, will present at the Seventh Annual JMP Securities Research Conference in San Francisco on Monday, May 19, 2008.
The presentation will begin at 1:30 p.m. Pacific Standard Time. To listen to a live webcast of the presentation, please access the appropriate link at www.bldr.com at least 15 minutes prior to the start time. Additionally, the presentation materials will be available prior to the start of the presentation at www.bldr.com. A replay of the presentation will also be archived and available on our website.
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.
SOURCE: Builders FirstSource, Inc.
Builders FirstSource, Inc. Katie Murphree, 214-880-3595 Director Investor Relations and Financial Reporting or Charles L. Horn, 214-880-3500 Senior Vice President and Chief Financial Officer
Copyright Business Wire 2008
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