Some notes from today's Owens Corning conference call. Also, a reminder that it often pays to be greedy when others are fearful.

The latest festival of stocks is now up. It features plenty of great posts that'll keep you busy this week. But, it's a little different than in previous weeks: "Several of the best posts of the last week happened to be on the same topics. Rather than attempting to fight the tide and admit inferior posts in their place, I decided to embrace the idea of multiple posts on the same topic."

Owens Corning (OC) held an investors conference on Wednesday, March 7th.. These things are usually a regurgitation of the most recent earnings call and to be honest, rather dull but, there were a couple of important take aways here that have me more enthusiastic about my investment than ever:

Management estimates income from operations in 2007 to be $415 million ($4.02 a share), down from $433 million ($4.20 a share) in 2006 for a 4% decline.