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Continental Building Products: Explaining The Housing Market Threats Away Plus Applauding Easy CEO Transition

Strong Housing Demand With Any Potential Texas Derived Disruptions Offset

Continental Building Products (NYSE:CBPX) - the manufacturer of gypsum wallboard and complementary finishing products, remains a strong buy ahead of Q4 earnings despite what is justified discomfort with the potential fluctuations to come in the Texas and other oil- and gas-based economies with the price of oil and gas being at multi-year lows. For clarity, a meaningful demand driver for wallboard is new housing starts and housing remodels and Texas alone is responsible for ~16% of annual new residential building permit applications (according to data from full year 2014 - I have reiterated my confidence in CBPX in four previous articles for SA…