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Engaged in manufacturing and had expanded its product lines to include not only concrete and steel pipe but also high-performance protective coatings, ready-mix concrete, aggregates and fiberglass pipe and fittings.
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ResearchLover (< 20) Submitted: 4/16/08 12:46 PM : Start Price: $95.92 AMN Score: 33.64
Jubak says infrastructure/dividend plays are good unfixed income. This fits the bill, and selling pressure since some bad news last month has dissipated. May sell if it's up too fast by mid summer ($110+, which price targets and options seem to suggest it could do. Otherwise, its a 2-4 year outperform pick.
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hey4ndr3w (99.33) Submitted: 5/20/08 9:20 AM
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Wow, back up to $110 even before summer has even begun. Do you still like it at these levels?
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ResearchLover (< 20) Submitted: 5/20/08 8:59 PM
I'm honored by the question, and can only say that technical analysis says it will pull back below 110, and then may be a time to get in. But perhaps broaden horizons and consider JEC or PNR (also at recent highs) wait to buy when volume and price are both decreasing on little or no news. There's also BOOM (beaten down despite a great lineup of orders booked). Each of these 3 were some of the original ideas by Jubak on foreign infrastructure growth, and they all seem like valid plays still, even though Jubak chickened out from BOOM (wisely) in December.