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[STORMREPORTS] Plywood Sales UP, Some Stocks DOWN For Isabel

From: Jesse Ferrell (WeatherMatrix) (jesse{at}weathermatrix.net)
Date: Tue Sep 16 2003 - 08:43:21 EDT


FULL STORY:
http://story.news.yahoo.com/news?tmpl=story&u=/nm/20030915/bs_nm/retail_isabel_dc_1

QUOTES:

"ATLANTA (Reuters) - Americans on the East Coast rushed to stock up on
plywood, plastic and other building materials on Monday as Hurricane Isabel
swirled toward the eastern United States.

Home-goods chains, including Wal-Mart Stores (NYSE:WMT - news) and Home
Depot Inc. (NYSE:HD - news), reported strong sales of wood, generators and
food from the Carolinas to Maine as wary consumers braced for one of the
Atlantic's most powerful hurricanes in recent memory.

"We're seeing some pretty good spikes" in sales of batteries, flashlights,
generators, plywood, bottled water, plastic sheeting and duct tape, with "a
very large run in North Carolina," said Paula Erickson, a spokeswoman for
building materials seller Ace Hardware. Isabel weakened slightly on Monday
to winds of 140 mph and slowed its forward speed on a path that could cause
it to hit land around Cape Hatteras, North Carolina, on Thursday."

FULL STORY:
http://story.news.yahoo.com/news?tmpl=story&u=/usatoday/20030916/bs_usatoday/11853528

QUOTES:
"
Even with Hurricane Isabel days away from landfall, some stocks on Wall
Street are already starting to feel the turbulence.
Monday, analysts were trying to anticipate which companies will suffer the
most in what some forecasters say could be the strongest hurricane to hit
the East Coast in years. "This could be a monster kind of event," says
Bijan Moazami, analyst at Friedman Billings Ramsey. "This is a massive storm."

The early betting: Property and casualty insurers and airlines with major
operations in the East Coast could take the biggest financial hit."

-- 
===================================================================
Jesse Ferrell - Meteorologist / Webmaster / Founder - WeatherMatrix
6000 Weather Enthusiasts Can't Be Wrong! www.weathermatrix.net 

[Non-text portions of this message have been removed]

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