Three Amigos Stock Thread Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Three Amigos Stock Thread

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Bootz who wrote (12795)	1/18/1999 5:30:00 PM
From: Sergio H	of 29382

Bootz, the questions you raise don't have clear cut answers. I don't know what price TXI will be selling at by this summer, but it's an excellent bet that the price will be higher. TXI is an excellent way to play the federal highway bill. TXI supplies cement to the California and Texas markets and those two states will be the major beneficiaries of the highway bucks. The drop in steel prices due to Asian dumping will be offset by the decline in domestic production. How high will TXI go depends on earnings growth. Earning forecasts for fiscal 99 range from 3.20 to 4.45 and for the 3q 99 w-report due March 16th, the earning forecasts range from .22 to .51. Give TXI a PE of 10-15 per share and plug in your earning's estimate to forecast price. Nice pick in my opinion. AS

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next