James Hardie Industries (JHX) Stock Plunges Amid Inventory “Destocking” Revelation -- Hagens Berman
1. JHX shares dropped 34% due to North America business issues. 2. An investigation is underway regarding misleading investor communications. 3. Sales volumes in North America declined by 12% year-over-year. 4. Prior assurances of sustainable growth now appear questionable. 5. The outlook is dim due to potential inventory level problems.