Vulcan Materials Company (NYSE:VMC)
The Company is a producer of construction aggregates and a major producer of asphalt mix and concrete. Its business consists of the production, distribution and sale of construction aggregates and other construction materials and related services.
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can you say $30????
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This is a stable company in a strong sector.
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Will pay too much for Florida Rock
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Steady growth in basic materials, speeds up with building booms but solid business.
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VMC sells crushed stone for roads, houses, airports etc. They are in the best geographies domestically for population growth. The sunbelt states and California. They are very good at what they do and dont try to branch outside of their core biz...(they sold off the chemical biz last year) California announced big plans for infrastructure improvements. VMC will be in play to take advantage of this govt spending. When housing is soft, VMC still makes $$$ on Govt spending. Fairly insulated, and they have atrong reserve base in key markets.
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Earnings are growing at a better rate than S
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Orders are going to go up for good weather.
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same as MLM -- strengthening aggregate price due to limited supply, ltd new quarries
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