Disclosure Insight Downgrades Rating to Medium Risk – Negative Bias on Drew Industries

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A report from D.I. downgrades its rating from Medium Risk – Positive Bias to Medium Risk – Negative Bias on Drew Industries
DW
. The report states, “We are changing our rating on DW from Medium Risk - Positive Bias to Medium Risk - Negative Bias due to continued acquisition activity. Concentrated revenue; acquisition activity; and one-time items support our opinion of a Medium Risk - Negative Bias rating for DW. In its 2010 10-K, DW reported that Thor Industries, Inc. and Berkshire Hathaway, Inc. (through two subsidiaries) accounted for 41% and 26%, respectively, of 2010 sales." DW closed yesterday at $23.48.
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Posted In: Analyst ColorDowngradesAnalyst RatingsDisclosure Insight
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