Mohawk Industries Short Base Rises - trackseekingalpha

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Mohawk Industries Short Base Rises
Jun 24, 2009 06:47 AM UTC

trackseekingalpha

Return	Risk
-13.40%	HIGH

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Symbol	Sentiment	Start	Return	Closed
MHK	n/a

Via Short Stock Ideas from Seeking Alpha:

Mohawk Industries Inc. (MHK) is the second-largest maker of commercial and residential carpets, rugs, and other floor coverings in the US and one of the largest carpet makers in the world. The utilization (which measures the supply and demand in the securities lending market) of MHK is 50.05% and has increased 5.62% in the last month. Over the same period, the share price has decreased 7.01%.

After missing earnings estimates in the last two quarters many believe that the Q2 earnings (which are reported on 22nd July) will be vital to the companies mid- term market valuation.

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