Astec Industries, Inc. (NASDAQ:ASTE)
The Company designs, engineers, manufactures and markets equipment and components used primarily in road building, utility and related construction activities.
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token chase
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Never has outperformed the market that i know.
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growth stock
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Zero debt. Steady growth. PEG < 1.
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Government spending always bodes well for any business in the business of spending government money. That's why politics and capitalism go hand-in-hand. So if congress has shelled out funds to improve the infrastructure, this one's a no-brainer.
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I figured I would try an experiment by tracking a stock solely based on the Fool Ratio Valuation Tool, using the following parameters for a screen: 1.excluded the following industries(airlines,banks/brokerages,leasing,mortgages,oil-drilling,real-estate) 2. PEG <.65 3. 20% est annual EPS growth 4. Small and Mid caps 200M-5B; This was one of the finalists, we'll see how powerful this is for the bulls!!...ceteris paribus
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Great infrastructure play in a "gov't annuity" business that will continue to consolidate. Great management team.
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Bush Administration infrastruture bill will keep things in motion. Rebuilding needs equipment and ASTE is one of the prominent suppliers.
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