As non-residential construction recovery plays go, Insteel Industries (IIIN) hasn't done too bad since I last wrote about the stock, with returns about halfway between other plays like cement maker Cemex (CX) and Nucor (NUE).
Looking ahead, residential construction is picking up from low levels
and commercial construction activity does seem to be improving. With
employment and tax revenue improving in many states, the outlook for
infrastructure spending is also getting better. Add to that the
possibility of Insteel's welded wire reinforcement (or WWR) products
gaining share from rebar and the company's capacity/margin leverage
potential, and there's still a bullish argument to make here.
Continue here:
Insteel Looking At Several Ways To Build Share Value
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