We have a position in US Concrete. USCR primarily because of Divisional officer Poulsen’s purchase of 18,000 shares in August at $56 per share. The stock closed Friday at $48.35. Needless to say we are underwater in this position as well. It’s hard to evaluate the fundamentals of this company and its not acting well considering both candidates are talking up massive infrastructure spending. Its also hard to see what attracted Poulsen to buy stock at this particular time as valuation doesn’t seem compelling either. It’s usually the stuff that you can’t see though that makes you money in the market, though.
Clinton and Trump both want to boost infrastructure spending. Jamie Cook, head of industrials equity research at CSFB, picks the industry’s winners.
Source: Infrastructure Stocks Could Rally on Higher Spending – Barrons