SI
SI
discoversearch

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 ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Bootz who wrote (13469)2/14/1999 7:53:00 PM
From: Sergio H  Read Replies (1) of 29382
 
<TXI>

Excerpt from Small-Caps: Where the Values Are

Standard & Poor's The Outlook
NEW YORK, Feb. 10 (Standard & Poor's) -

Texas Industries

This company is a leading producer of cement in Texas and California and is also one of the lowest cost domestic manufacturers of structural steel. Texas Industries (TXI) has enjoyed robust growth in cement due to the booming housing market, strong commercial demand and increased public sector demand. Federal spending should increase substantially as a recently enacted highway-spending bill is implemented. While demand for steel in the U.S. is strong, pricing has been hurt by a surge in cheap imports. We are cautiously optimistic about a steel turnaround due to price appreciation in the Korean won and Japanese yen, increasing U.S. pressure on those countries to limit their exports and the lack of competitors who can now match Texas Industries in price and still make money. A new threat may come from cheap Brazilian exports, due to that country's well-publicized currency devaluation. However, we think the political risk to elected officials of permitting Brazil to dump steel here makes that unlikely to happen. We estimate per-share earnings of $3.30 for fiscal 1999 (ending May) and $3.45 for fiscal 2000. The shares are ranked (accumulate).

personalwealth.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News