Stock Market Chumps..........11-01-06

Wolverine Tube Inc. (WLV)

Last Trade:	1.87
Trade Time:	10:32AM ET
Change:	1.00 (34.84%)

olverine Tube Inc. on Wednesday said it may pursue pre-packaged reorganization under Chapter 11 if its plan to issue equity and secured notes against its senior notes due in 2008 and 2009 fails. The company said it filed a registration statement for an exchange offer and consent solicitation to exchange equity and debt for the senior notes.

Trex Co. Inc. (TWP)

Last Trade:	21.87
Trade Time:	10:34AM ET
Change:	4.55 (17.22%)

rex Co., which makes deck and railing products, reported Wednesday its third-quarter profit declined on a slowdown in deck installations and forecast a fourth-quarter loss due to challenging market conditions.

For the quarter ended Sept. 30, the company reported net income of $4.6 million, or 31 cents per share, versus a prior-year profit of $5.2 million, or 35 cents per share. Revenue rose to $78.1 million from $77.4 million a year ago.

Wall Street had forecast a profit of 36 cents per share, the mean estimate of seven analysts surveyed by Thomson Financial, on projected sales of $82.3 million.

Trex forecast full-year earnings of between 35 cents and 45 cents per share on sales from $320 million to $330 million. It reported 2005 earnings of 17 cents per share and sales of $294.1 million.

The company said it typically reports a loss in the fourth quarter due to the seasonal nature of deck installations but added this year's slowdown was more pronounced than usual as distributors and dealers reduced inventories amid the current downturn. In response, Trex said it plans to temporarily shut down some manufacturing lines.

Trex shares fell $4.58, or 17.3 percent, to $21.84 in morning trading on the New York Stock Exchange.