NYSE:JELDBuilding
JELD WEN (JELD) Stock Rallies As Margin Gains Meet Leverage Risk
JELD-WEN Holding stock jumped about 26% today, a sharp swing for a company that has been trading under the weight of deep losses and balance sheet stress. The move reflects relief more than euphoria. The headline is that JELD-WEN finally put up a cleaner quarter, with Q2 revenue of about US$818 million and adjusted EBITDA of US$42 million, while still reporting a net loss. Investors are reacting to signs that the margin story is starting to improve, even though the profit and leverage issues...