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VMC good bet if you believe the US will continue to build things
Started May 11 at 2:56 ET (By Walter)
Symbols: VMC
VMC is a producer of materials for the building industry - sand gravel stone which are all hard to transport and provide it with a competitive edge. it has been punished over the past year with the housing crisis, but with quarries in 9 of the 10 fastest growing locations in the US it is a very good medium term investment with potential (according to analysts that I agree with) to double in value back to where it was.
even if the building of new houses slows, one can expect the government to start investing in public infrastructure, so this risk is hedged from either direction.
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blacktuna
May 12 at 7:51 ET
found this on Google.. "I have to say that this company's management has to be the cheapest
management I've ever worked with. They won't even spend a dime to
upgrade their crappy financial system which has been the main cause of
some faulty financial reporting. Been shorting their stocks ever
since and I have to tell ya, I've made more doing that then working
there. I guess you can call that poetic justice eh? "
I must say this dude sounds sincere.. how often do you find such a gem.. haha.. thought you might like this..
Top 1%
Walter
May 13 at 2:38 ET
up 8% in 2 days... more luck than timing the market of course. but truth be told, companies upgrading their financial systems face large risk and overbudget projects.
didn't have to be too clever to make money shorting stocks this year...