Astec Industries, Inc. (NASDAQ:ASTE)

0% D/E ration, 3 qtrs. of increasing fund ownership, and spectacular EPS trend makes this a buy in 2011.

I sometimes look at highly rated members picks and look for the ones that have underperformed and have cost players big points. I then see how highly or poorly rated they are and whether or not they might be good picks. Seems like this one has been doing bad for quite a few people. Just wanting to see how this method does as I've been trying it out as of late.

Solid jump in earnings in July. P/E is a little high at the moment, but the P/B is only 1.30. Earnings for Q3 are also expected to be higher than Q32009, which should give a temporary boost to the price.

Profile
Astec Industries, Inc.
1725 Shepherd Road
Chattanooga, TN 37421
United States - Map
Phone: 423-899-5898
Fax: 423-899-4456
Website: www.astecindustries.com

Details
Index Membership: S&P 600 SmallCap
S&P 1500 Super Comp
Sector: Industrial Goods
Industry: Farm & Construction Machinery
Full Time Employees: 3,137

Business Summary
Astec Industries, Inc. engages in the design, engineering, manufacture, and marketing of equipment and components used in road building, utility, and related construction activities worldwide. The company?s Asphalt Group segment offers asphalt plants and related components, heating and heat transfer processing equipment, and storage tanks for the asphalt paving and other non-related industries. Its Aggregate and Mining Group segment provides jaw, cone, and impact crushers, as well as vibrating feeders, inclined, and horizontal screens; aggregate processing equipment for the sand and gravel, mining, quarrying, concrete, and asphalt recycling markets; mobile screening plants, portable and stationary screen structures, and vibrating screens designed for the recycle, crushed stone, sand and gravel, industrial, and general construction industries; portable and stationary aggregate, and ore processing equipment; hydraulic rock breaker systems, and a line of four-wheel drive articulated utility vehicles for underground mines and quarries; and hydraulic breakers, compactors, and demolition attachments for the North American construction and demolition markets. The company?s Mobile Asphalt Paving Group segment offers asphalt pavers, material transfer vehicles, milling machines, and asphalt reclaiming and soil stabilizing machinery; asphalt paver screeds that attach to the asphalt paver to control the width and depth of the asphalt as it is applied to the roadbed; windrow pickup machines, which transfer hot mix asphalt from the road bed into the paver's hopper. Its Underground Group segment provides heavy-duty trenchers, and utility trenchers, vibratory plows, and compact horizontal directional drills; maxi drills and auger boring machines, and down-hole tooling; and large vertical drills for the oil and gas industry. The company offers its products through sales agents, distributors, and dealers. Astec Industries was founded in 1972 and is based in Chattanooga, Tennessee.

***All aove information from YAOO FINANCE***

If you beleive in the infrastructure play, this would seem to be a really good bet, both domestically and over seas

Strong company that should benefit from projects in the pipeline.

Until things get straightened out with Obama's infrastructure plan this stock INMO will under perform in the short term. It does look like a good long term play if you can buy it on steep fast dips.

Money4e

stim play

Obama infrastructure play

Great stock will do even better as it makes and changes asphalt. good for all infrastructure

Heavy Government infrastructure spending.

Stimulus play. Cash flows are strong.

Stands to benefit from Obama infrastructure spending programs. Leader in it's field.

Infrastructure will boom over the next few years as it's the easiest and most efficient way to keep people working. While governments invest billions in infrastructure just think of how much money is returned to those same governments in income tax, sales tax, fuel tax etc. etc. etc.

Infrastructure is an excellent way to spend money keeping people employed and get immediate return on the dollar that just went out the door.

One thing that I am starting to learn is patience. Sometimes a person can make the right deduction but still suck on tailpipe for a long while before Mr. Market in his infinite wisdom decides to come around.

I've recently looking at the write-up of GENC, another even-better asphalt play, that's been languishing for months despite mans CAPS posters correctly calling that:
1. The economy would tank, and
2. Obama would show up to usher in a new wave of infrastructure spending that ought to benefit the company.

The market has been killing GENC all the same, despite killer profits, tons of cash, and no debt. Markets aren't even kind of efficient. They are just pseudo-efficient.

This company is all about the pavement, in a good way. They are the number one infrastructure source for that great black stuff we all love asphalt and with Barack's infrastructure plan that means stock up on this stock.

C&C

Roads & infrastructure need the attention of the U.S. . Aste is in a good position to capitalize on this .

mgiv