Granite Construction, Inc. (GVA)

Liking the numbers here, plus they have a high short interest which should push the price up as people cover.

solid financials. construction should be on the rise in the next few years

Showed up on a screen for solid 5 year growth with low debt, cash on hand and still at attractive P/E ratios.

infrustructure company that should raised Up as got very good fundementals

Following Anticitrade and TSIF. Granite Construction, Inc. has dramatically underperformed the market recently because investors are concerned about the slower than expected rollout of stimulus spending on infrastructure. I believe now is the time for the stimulus funds to start making a difference in the infrastructure market. This company has a clean balance sheet and fairly consistent earnings. Longterm ROE is approximately 15% and the company usually sells for greater than 2 times book value. Currently reasonably priced at 1.5 times book value.

With the assumption that construction will be booming in the next five years GVA should improve performance.

Infrastructure stock with stimulus money just starting to come online? bring it on...

This company Granite Construction Inc. (Granite) is a heavy civil contractor and a construction materials producer. The Company is engaged in the construction of highways, dams, airport infrastructure, mass transit facilities, real estate site development and other infrastructure related projects. . They will benefit as Obama spends more of our dollars on the Recovery Act. You see them building all over town and GVA will be there to get their fair share.

Mmm...construction...

With travelling, summer weather, and a none too clear picture of what Mr. Market is up to lately, I've been hard pressed to find any companies of serious (investable) interest of late. My Motley Fool subscriptions occasional bring some companies to my attention that I do additional analysis on, but overall, it's less than one in ten that I can get behind after a review. I seem to be more conservative than the teams with my valuations and limited investment funds. I made a play at Infrastructure stocks in January under the Obama enthusiasm for stimulus. Some have done well, but overall, it's clear the stimulus package is not getting doled out at the rate promised. The August Hidden Gems newsletter reminded me of Granite Construction. The 10% drop in the share price, shortly after adding it to my research list, helped it fit into my selection list. Hidden Gems reminder that construction money will be spent and that several companies are well positioned to receive it as well as highlighting that while dwindling, Granite has a decent pipeline to keep it busy until something breaks. The concern that states may not have infrastructure money of "thier own", or be able to issue bonds, (especially California) is offset by the condition of the nations infrasture and Granite's diversity with equipment, material sales, and actual work. Cash to debt is well in line, veteran leadership, diversified within the sector, stimulus projects that are funded, etc. Management does warn that bidding, especially in the Western division will be very competitive, but believes they will do better than usual with Granite East. Though margins are a little lower than I would like, I believe Granite is priced well within an acceptable risk/reward level.

GVA will be is line to receive some goverment funds for road construction. I would try to wait for a better entry point however.

one time accounting gains

Incorporated in 1922, Granite Construction Company builds roads, tunnels, bridges, airports and other infrastructure-related projects used by millions of people. In addition, Granite produces sand, gravel, ready-mix and asphalt concrete and other construction materials. Unusual among large contractors, Granite handles both large and small jobs through its two operating divisions, Granite East and Granite West.

This company has shovel ready projects that should benefit from the stimulus program.

They build infrastructure

Having just become familar with GVA I reviewed their business and last 3 10ks. Considering their business they are the first company that the first thing that popped into my mind was "Obama could really help their business."

,F, ATG,, GXA

Granite Construction operates in the engineering and construction industry. It is a heavy civilian construction contractor company that operates throughout the US in both the public and private sectors. The company stands to benefit from pending federal stimulus spending.

Infrastructure stocks will hopefully outperform due to gov't spending to prop up the economy.