The Armstrong analysts' meeting yesterday with management was positive.  Company guiding for a better Q4-2009 from Q3-2009.  The stronger profit position probably means that its 2009 profit will meet or even exceed 2008 levels while the more conservative capex spend will mean that the company can sustain its dividend policy in 2009 at 2008 levels.

I am keeping the stock in my stock pick list and on the back of a continued recovery in earnings in 2010 - I am raising my price target based on 2010 earnings.  Read my stock pick review for more details on what the 2010 profit will be and my new price target.