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Strategies & Market Trends : Value Investing

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To: E_K_S who wrote (58424)	11/10/2016 6:58:59 AM
From: Ditchdigger	Read Replies (2) of 78748

I spent a Saturday awhile back reading through the fast act after it was repeatedly mentioned by the ceo in GVA's conference calls. Basically the first year is a wash for letting out contracts, so essentially/potentially $300B could be spent between now and the end of 2020. I think that could possibly be increased through further legislation. The major state roads around me are like donkey paths, as is much of the country. I ended up with 2/3rds (2 buys) of a position in GVA, averaged @ 46.34, thought about selling yesterday at 56 and probably should have but we'll see. Small float on this one so it isn't without volatility and probably isn't much of a value stock. Has a decent backlog which go go quite a bit higher as things move along. As well as being a construction co, they are a material supplier as well. A huge benefit in that is being able to schedule their own required materials for in house projects. Aggregate will be a common denominator in all these projects. All this was going to happen regardless of the election, so I was surprised in the pop in the sector yesterday.

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