James Hardie Industries (JHX) Stock Plunges Amid Inventory "Destocking" Revelation -- Hagens Berman
1. JHX shares plummeted 34% due to North America segment issues. 2. The company reported a 12% year-over-year sales volume decline. 3. An investigation is launched over potential misleading investor information. 4. Claims of sustainable demand were contradicted by recent poor performance. 5. High inventory levels indicate potential earlier sales inflation.