For building products distributor Beacon Roofing Supply (BECN), it looks the company's roll-up model has hit its first major speed bump. In early January, Beacon closed on its acquisition of Allied Building Products from CRH plc (CRH), its first expansion away from its core roofing business into interior products like wallboard and ceilings.
The very next day, BECN hit an all-time high above $66. Since then, the stock has gone pretty much straight down. As it turns out, BECN levered up just as sentiment toward housing and housing-related stocks turned south. Many of the leaders in the sector have posted rough years so far, and BECN is no exception:
