Reddit Posts
How does the place of listing affect the investment in a company?
CRH profits rise in 2022; looks to buyback $3 billion of stock and seek U.S. listing
WELL health Technologies ticker WELL.TO achieves record revenue and profit growth!!!
$WELL $WLYYF | WELL Health on the move!
Could WELL Health be the next CoucheTard?
WELL Health Lining Up To Be The Next CLOV 👀👀👀
WELL Health Is The Canadian CLOV... Now They're Doing a NASDAQ IPO with Fenwick & West who Just Completed The COIN IPO!!!
Well Health Technologies signs deal to acquire MyHealth
Why concrete companies are going to be the next meme stocks
Mega Move Incoming For WELL Health $WELL $WLYYF
Mega Move Incoming For WELL Health $WELL $WLYYF
8 Reasons to invest in WELL Health Technologies
Mentions
Carvana, Comfort Systems and cement CRH to join SP500
PSA: S&P 500 rebalancing for the 4th quarter will be announced tomorrow evening. Some of the candidates in case you want to throw some money at some lottos: CRH, VRT, ARES, SOFI, RDDT, CVNA https://preview.redd.it/senzebji995g1.jpeg?width=1120&format=pjpg&auto=webp&s=3b6b1e659fe39c6adcf1d79058217bca885ed23a
What we buying for index inclusion announcement? VRT, ARES, CRH, MRVL…?
I think it will be one of CRH, RDDT, Sofi or ARES. I am tilting towards ARES or CRH due to their historical data, but I would love to be the other 2 since I have positions on all of them.
Great LMN, and TOI reports today, glad to own them. CSU coming on the 8th, probably a good quarter ahead. And if anyone else is curious about earnings season, but doesn't know off the top of their head, here: >**Monday**: Palantir, MercadoLibre, Hims & Hers Health, Vertex, Williams Cos, Wayfair, and Tyson Foods >**Tuesday**: AMD, Caterpillar, Amgen, Eaton, Arista Networks, Pfizer, BP, Apollo, Marriott, Zoetis, Diageo, Coupang, Yum! Brands, Infineon, Super Micro Computer, DuPont de Nemours, Rivian Automotive, and Snap >**Wednesday**: Novo Nordisk, McDonald's, Walt Disney, Uber, Shopify, AppLovin, DoorDash, Siemens Energy, Airbnb, Emerson Electric, Fortinet, CRH, Honda Motor, Glencore, Occidental Petroleum, Rockwell Automation, Bayer, NRG Energy, DraftKings, Duolingo, and Lyft >**Thursday**: Eli Lilly, Toyota, Siemens, Allianz, Sony, Gilead Sciences, ConocoPhillips, SoftBank, DBS, Constellation Energy, Rheinmetall, Vistra, Flutter Entertainment, Atlassian, Cheniere, Datadog, Block, Kenvue, Take-Two Interactive Software, Warner Bros. Discovery, Pinterest, Expedia, Rocket Lab, Twilio, NuScale Power, Maplebear, Monster Beverage, Wynn Resorts, and Peloton >**Friday**: Wendy's, Under Armour, and FuboTV *Huge* week ahead for earnings in what will already be a hugely volatile week. We've seen (I think) almost all of the MAG7 so far, but these guys aren't exactly chumps either.
I like your choices, though none are on the list haha. CRH is interesting choice, what are your reasons for including it? :)
I’ve checked out EXP before. I was in CRH but recently sold.
Bombs knock things down $RTX Cement builds it back up $CRH
They are trying to build a prison.. https://youtu.be/yM2wO6eQdns?si=8yC8CRH97Ncb2F48
CRH will be very interesting - they are poised to move the second they can. Also look at what Ukraine makes and will fire up once they can - crops, wheat etc… so maybe something like Syngenta with a high exposure to “the breadbasket of Europe.” Let’s talk again in a year from my yacht in the Black Sea.
CRH plc. A materials company (aggregate, concrete, paving materials)
I wouldn't directly buy Ukranian stocks but proxies via European companies, possibly Eastern European. I have a small stake in VEON (telco operates Kyivstar that is also a telco in Ukraine), but on the building side I'm looking at Alstom, Buzzi S.p.A and CRH plc. I think the defense sector is already overvalued already, so I try to look at the rebuilding side of it. At this point as I see it though, there will be ceasefire and peace soon as politicians don't argue about the fact, but rather the form (who gets to sit at the table, who gets what, etc.). If we don't get a peace deal though and things get worse, I think the valuation of those companies I mentioned is still favorable as they have business elsewhere too, so they likely don't suffer much as it is already likely priced in.
Thanks for the information! It's very helpful. I'll continue keeping USLM on my watchlist then. Considering either EXP or CRH for now (probably EXP).
Highly suggest checking out CRH if you’re interested in construction materials- mainly concrete. They have exposure to both North America and Europe. My main concern would be a recession or general reduced spending in the construction industry but I think it’s a good long term investment.
u/creemeeseason follows EXP. I think they followed USLM. I've had positions in ROAD and CRH.
I don’t think it’s a US based company “CRH Public Limited Company”?
Thoughts on CRH? I do like your top 3.
I also collect coins but this is the reason I mainly CRH rather than spend money on a specific coin. Very low cost and still get the fun of searching for coins
CRH i’ve been following since it was listed in several 13 F investor filings for Q3 Boring industry construction, but it seems like solid growth might be good for some future calls
AXON would be a good addition If there were worldwide problems or stability, It would still continue to go up Original maker of taser real cash cow is police cam videos in storage of up to 99 years Secondary recommendations CRH building materials ELTR generic drugs, including Adderall
Looks like the recession doesn’t affect everyone, hahaha! YTD: KONE OYJ +32% Philips +50% Adidas +30% Prosus +35% CRH +30% Essilor Luxottica +20% Schneider Electric +37% Delhaize +20% Intesa Sanpaolo +40% INDITEX +40% Ferrari RACE +40% Allianz +20% AXA +20% Sanofi +15%
Those are both good choices. One gives exposure to housing/infrastructure development and the other gives exposure to energy. Personally I like CRH over EXP and VST over NRG. Why not both? I think energy/infrastructure are good investments for the long term. If I had to pick one though I think EXP but if you don’t have a position yet then I’d look into CRH.
VST and CRH looking great after earnings. VST is down significantly from its ATH back in May. It was part of the AI/data center hype so when those names pulled back it did as well. I think it’s a great long term hold. They have long term agreements with Amazon and Microsoft. Both nuclear and solar exposure as well. They also have retail exposure through TXU. I get my energy through them so I thought it was cool when I found out Vistra owned them. CRH is another great long term hold imo. They’re a building materials company and I like the international exposure.
I'm up 62% as of today. The ASX hasn't closed yet so that can change. And I'm posting about this because its an opportunity for investors looking for pennystocks. Do yourself a favour, if you're going to play Mr. Investigator on reddit, why don't you do a bit of research on the company instead of trolling and you'll see that there is a reason that CRH have done this deal with FBR and there is a reason the stock is up over 150% since July 1st.
I Doubt FBR is going to be a penny stock for long. Each Hadrian X can generate around $1.4m EBIT at a 70% utilization rate. The FBR/CRH joint venture's breakeven for each Hadrian X is supposedly less than a year at this rate. FBR gets 51% in the JV with CRH, including for the 300 machines they have on the roadmap. They also get US$220k per year from CRH for each Hadrian X for repair and maintenance. Each Hadrian X could be generating over US$700k of free cash per year for FBR. Multiply that by 300 HXs in this joint venture, and far more profit for the 1000's of HXs that their projections show are needed internationally that are not part of this JV. That's definitely not pennystock dollars. They had an MOU in place with the UAE and Saudi Arabia not too long ago to build 50,000 houses. That MOU lapsed because the Hadrian X wasn't ready. But it is now and there is no doubt that they're pursuing this again as they are code compliant and the next step is a joint feasibility study with the government bodies there. The Wall As A Service business model is brilliant. They're not trying to build and sell expensive machines. Theyre building machines sobthat they can generate recurring revenue at a relatively low fixed cost. Best business model out there. They've proven the machine works by building and selling a number of houses and commercial properties in Perth Australia. All code compliant. So no, you're not nuts about the good feels of FBR. The potential is huge. The innovation is industry changing. They just have to execute on their JV with CRH now. Site acceptance test, then a 10 house demo, which will trigger the option to build the first 20 Hadrian Xs with the roadmap to 300 for the jv.
FBR's Hadrian X automated bricklaying robot is now in Florida, about to do a site acceptance test before starting a 10 house building demo, and the purchase of up to 300 Hadrian X robots by CRH. They've done a company defining deal with CRH. This thing is on a tear. Up over 150% in two weeks. Fbr is doing a wall as a service business model. Recurring revenue, low fixed costs. Up 150% just because it landed in yhe USA. Imagine whatll happen once the site acceptance test is done and the 10 demo houses start. Talk about YOLO. You asked how to buy it, you can buy it through a charles Schwab or similar brokerage account. Its listed on the Australian stock exchange ASX. Or in the USA in the OTC market with the ticker FBRKF.
This is a great spot to be in at the moment. This company isn’t well known, only has 33 followers on Stock Twits. If you buy in know that there is a $50 dollar fee for buying via fidelity of swab. Volume is increasing substantially. Look at KBR within the ASX exchange and you will see it’s blowing up compared to the years prior volume. The Hadrian is in Florida. CRH Ventures Americas is the company that could fund FBR in the event the 10 home build is successful.
I found Iron mt when it was $50 and that was somewhere around 6 months ago. Didn’t buy it. Check out CRH - materials/pavement btw. Good luck
Concrete manufacturers (among other building materials): CRH, EXP, MLM, VMC. All have decent earnings/share growth, operating income/share growth and prospects. Microsoft (MSFT) has exposure through their Blizzard merger, but that's not the pure-play you're looking for. Playtika (PLTK) seems to be pure-play mobile gaming. Playtika's sub-industry peers in Interactive Home Entertainment are a good place to search if your brokerage has that feature.
CRH is ~55% US revenue, rest Europe. 77% of EBITDA in US.
I think the biggest difference is that EXP is only US and CRH has worldwide exposure (iirc. I don't own CRH so I'm not as familiar). I know much less about CRH in general. EXP is also buying back shares, I believe 4-5% annually has been their reduction. They do sometimes stop buybacks if they have a better opportunity for their cash though, which I actually really like. Management isn't locked into any program and is free to allocate capital as they feel best. Also, just looking at the finviz numbers EXP has higher ROE/ROA than CRH. I also don't know as much about the cement market overseas, by EXP is located predominantly in the middle of the US which makes it hard to import cheap cement into their markets.
What are your thoughts on CRH vs EXP long term for concrete plays? Saw that CRH is buying back shares as well
When using headquarters, I think i was just trying to say the listing basically, but technically I don't think the headquarters matter. I think the PLC are basically the US ticker version of an UK based stock: [https://www.investopedia.com/terms/p/plc.asp](https://www.investopedia.com/terms/p/plc.asp) So like back to $CRH, it's listed in Ireland. [https://finviz.com/quote.ashx?t=CRH&p=d](https://finviz.com/quote.ashx?t=CRH&p=d) So that's why I'm not sure, but think it can't be in the SP500.
It's an interesting question, not 100% sure, but I think companies need to be US based to be in the SP500 and technically $CRH is headquartered in Ireland.
Noob question - is it possible for $CRH to be added to the S&P500 in the near future?
I'm the same way with patience. I've ruined so many trades because of just jumping out too soon. Like look at $LMB. I've held it for over a year and when you get a stock that moves like that, you just learn there will be pullbacks, just need to keep the conviction in the company, unless something changes. Also with $CLS, I think them being a Canadian company also will give them somewhat of a cheap valuation overall. Like $CRH trades much cheaper compare to it's peers. It does like 90% of it's business in the US, but is technically an Irish company, so it gets the European valuation.
I think it's a few things. I don't think all the money has gone out yet and could be that their product is more later stage, after things like foundations has been built. They are projecting more growth in 2025. I also think rates kind of pushed some projects out and seems like some names in the industrial space are seeing some slowness this year compared to the last few years. Here's some of the things calling out in the earnings call: [https://finance.yahoo.com/news/atkore-inc-nyse-atkr-q2-173550029.html](https://finance.yahoo.com/news/atkore-inc-nyse-atkr-q2-173550029.html) "We continue to expect the electrical portfolio to have a stronger back half of the year compared to the first half of the year due to seasonal impact from the spring and summer construction season and have included this assumption in the updated outlook." I know LMB and CRH as well as some others also report that Q1 tends to be slow for the industry.
Basically that list below has a ton of great names. STRL is like a pure play on data center builds. They have a segment for E-infrastructure. The E-Infrastructure Solutions segment provides site development services for the blue-chip end users in the e-commerce distribution center, data center, manufacturing, warehousing, and power generation sectors. A few other names to look into that the other user didn’t list: $FLEX and $JBL for reshoring plays. Also $CRH and $EXP for concrete plays. I’ve looked into them but $AYI is really cheap and offers lighting solutions. I don’t own these but on my watchlist: $NVEE and $J. Both do like government contracting and I think data center should be part of their line of business.
Kind of related, but even $CRH also called out that this is their traditionally slowest quarter. From their last earnings: *"We are pleased to report a good first quarter performance in what is the seasonally least significant period for our business.*" Also $LMB, which isn't complelety related, but they also call out this being their softest period: “Although the first quarter is typically the softest of the year due to weather and the seasonality of customer budgets, we are off to a strong start as business began gaining momentum in March."
CRH. Its a building materials company from Ireland which moved their primary listing from LSE to NYSE. They are eligible for SP500 inclusion and seeing great headwinds for the business with all infrastructure spend.
I wonder if it will have some type of discount because it is a Canadian company. I know like $CRH which is technically an irish conmpany, even though they do like 90% of their business in the US, still trades lower to their peers because they aren't an american company. However, their quarters still look great and seems like the company has a ton of tailwinds and is still a great buy at these levels, even with the performance the stock has had.
Interesting enough, european stocks generally just trade at lower multiples. Not all of them, like there are the NVO's out there, but usually most fthem do. They actually talked about that in the recent episode of street wise. [https://www.barrons.com/podcasts/streetwise/fuzzy-panda-attacks-globe-life/B2DD7BD5-7F5E-4D35-BDA9-F766AF30EA4D](https://www.barrons.com/podcasts/streetwise/fuzzy-panda-attacks-globe-life/B2DD7BD5-7F5E-4D35-BDA9-F766AF30EA4D) Also in an recent odd lots, Steve Eisman also brought up $CRH which is technically an european company, but does like most their business in the US and brings up the fact it still trades at lower multiples to the US peers. [https://open.spotify.com/episode/3WBY80bgnj7nmwBO9rJpB3?si=145da768cc6d40cf](https://open.spotify.com/episode/3WBY80bgnj7nmwBO9rJpB3?si=145da768cc6d40cf)
Siri and then KDP. Best performing CRH plc
Materials. CRH Vulcan (couldnt remember ticker) AECOM concrete aggregates is great. Prices just keep going up and no end in sight. Especially as the sand and rock needed to makes it gets more scarce. Just look at recent performance for switching the standard to more “environmental friendly” and covid cause massive surge in prices that wont come down unless rates go to 8%+ and the construction industry goes slow for a while.
AtlantaNow GDP Fed: "Latest estimate: 2.4 percent -- April 10, 2024" [Interesting column](https://www.bloomberg.com/opinion/articles/2024-04-08/the-lse-losing-giants-like-shell-is-a-very-real-threat?srnd=opinion) from Javier Blas on the [big discount to European/UK energy firms](https://i.imgur.com/FGyU0e5.png). Shell CEO is trying to close this valuation gap with buybacks / cost-cutting but is actually threatening to shift its listing to NYC: > “If we work through the sprint, and we are doing what we are doing, and we still don’t see that the gap is closing, we have to look at all options,” he said. “All options,” he added for emphasis. This was in response to a question on what he'd do if it wasn't resolved by mid-2025. Shell is 8.72% of the FTSE 100 (compare that to MSFT's 7.2% weight in the S&P 500), to put into context how big of a loss that would be. It's 7.4% of the FTSE 350 (which is a combination of the FTSE 100 and FTSE 250, which are the large and mid-caps stocks, respectively). CRH recently moved its primary listing to the US (completed September 2023). The stock is up more than 50% since then. Or look at ARM's massive rally since trading in NY.
CRH, MLM. Whether the centers are profitable, the cement has still been poured and paid for. Can always use the pad for a distribution center instead.
Some stock news on positions I own. $NICE announced a new product: Enlighten XM, A Next Generation AI Contextual Memory Powering Customer Interactions [https://www.businesswire.com/news/home/20240325076264/en/NICE-Unveils-Enlighten-XM-A-Next-Generation-AI-Contextual-Memory-Powering-Customer-Interactions](https://www.businesswire.com/news/home/20240325076264/en/NICE-Unveils-Enlighten-XM-A-Next-Generation-AI-Contextual-Memory-Powering-Customer-Interactions) $CRH got a price upgrade to 105. $CLH finalized their buy of $HEPACO [https://ir.cleanharbors.com/news-releases/news-release-details/clean-harbors-acquire-hepaco-400-million](https://ir.cleanharbors.com/news-releases/news-release-details/clean-harbors-acquire-hepaco-400-million) >“HEPACO is a recognized leader in Field Services and its addition will accelerate the growth of our Environmental Services segment,” said Eric Gerstenberg, Co-Chief Executive Officer of Clean Harbors. “When providing emergency services, scale and rapid response capabilities are critical. HEPACO’s geographic footprint, trained personnel and equipment fleet will enhance our existing business, enabling us to gain efficiencies and offer an even broader range of solutions. Field Services and emergency response have been a hallmark of Clean Harbors since our founding in 1980. We are confident that we can deliver strong shareholder value through this transaction in the years ahead.”
A lot of names in the construction space have been killing it. SSD is amazing. I've done really well with like STRL and IESC. UPFI has been fantastic. Someone here mentioned BLDR like years ago when it was like 50 bucks or something along those lines. Even right now, CRH is a great buy.
Yeah, feels kind of hard to find more things to buy. Been a minute since I've seen a new company hit my screener, been kind of boring at this point. I do think $LRN looks really interesting and glad on my purchase of it. Yeah, last moves I made was $CRH and $LRN.
No buys today, but did some earlier this week. Got $CRH $LRN and $NXPI. Overally pretty boring buys, but i'm happy with them.
$CRH Reports FY23 Revenue of $34.9B, up by 7% YoY Adj EPS of $4.65, up by 30% YoY CRH Tapped Barclays to Buyback Shares of up to $300M
FYI, you were asking about CRH, [I had mentioned it back in November](https://www.reddit.com/r/stocks/comments/17xc5oy/rstocks_daily_discussion_fundamentals_friday_nov/k9otkis/) but never ended up buying. Would have been a nice 30% rally. The bull thesis there was mostly re-rating to reflect the premiums US domiciled firms get (since CRH is an Irish company that relisted in the US).
I know you've brought them up a few times, I was going to tag you in that original post :) Yeah, it's an interesting company and surprised by how cheap fundamentally it looks. This acquisition looks really interesting too: [https://finance.yahoo.com/news/crh-agrees-2-1bn-acquisition-070000725.html](https://www.businesswire.com/news/home/20240212918677/en/CRH-completes-2.1bn-acquisition-of-materials-assets-in-Texas)
Ive been looking at CRH their balance sheet is great. Probably going to purchase some with the hope they can maybe expand internationally in the future. But they pretty much own the US and have reach to the UK as well.
Anyone here follow the education space? Came across $LRN this weekend. Looks like they are online learning company, but still seeing a ton of growth post pandemic. Like they just reported higher enrollments than compared to the lockdown. Also looks like they are in the adult education space. Valuation looks really cheap on them as well. Also came across another interesting company over the weekend, CRH. Seems like an interesting infrastructure play with a good valuation. No idea they were the largest supplier of building matterials. They just got a concrete company out of Texas as well.
I believe it's related to their recent share distribution, which they did before announcing their partnership with CRH.
Lol Ive be DCA'ing my way in since the announcement of the Venture agreement was signed with CRH, and company that specializes in concrete.
CRH has been performing well and I believe it is positioned to continue. Just bought into VNT, earnings tomorrow. IOVA and ANRO for bio speculation plays. ASTS also speculative. NXT business model and future is very interesting to me. DKNG and CELH long term. Happy hunting everyone.
I like VICI, NLCP and FCPT, they’re good all year round. O is good also, I just won’t buy anymore unless it hits low 50’s again. That’s just to protect me from dilution via future acquisitions. Infrastructure wise I like BIP and CRH.
> However, EXP has a ROE of 39.9% and ROA of 17% compared to 14 and 10% respectfully for CRH. No need to be so respectful! Anyway I'm impressed with this company.
Interesting read! I haven't read it until just now. I actually got the local monopoly idea from "the little book that builds wealth", which read a whole ago. It talks about another company, I believe summit, but the point was taken. EXP specifically came to my attention here[Here](https://open.substack.com/pub/specialsituationinvesting/p/concrete-compounder-eagle-materials?utm_source=share&utm_medium=android&r=23ti9i). I like the EXP comparison, but I think they're missing something about EXP. Eagle trades for 15x earnings and 10.3x EV/EBITDA. CRH is at 18x earnings and 9x EV/EBITDA. However, EXP has a ROE of 39.9% and ROA of 17% compared to 14 and 10% respectfully for CRH. So EXP operates at much higher levels of efficiency for essentially the same price. Actually, this discovery of the high returns that EXP puts up is what launched me on this kick. Why is EXP so much better at generating returns than it's peers? So far they just seem to be better run with a long term focus.
[Did you read this CRH write-up?](https://vosscapital.substack.com/p/paving-the-road-to-alpha) They make an almost identical thesis on the importance of local monopolies. CRH is a much more diversified business, though. The bull case for CRH at the time was the valuation gap that has persisted since relisting in the US. Not sure how much of that gap has closed, but Voss Capital is quite bullish on the company. I nearly ended up buying a few shares in the $50s, but never got around to it. Check out the table following 'Valuation' section where they include EXP as one of the peers.
I bought COIN, CRH, DE, MLM, IWM, APLE, and CAT. I don’t believe any of them were exactly at ATH when I bought but very near it.
CRH recently listed on NYSE undervalued compared to competitors 4-5x. Strong business/good financials. Expect it to take off when infrastructure capital hits state budgets and people realize how big they are.
I'm unlikely to invest in it, but I have been reading about a marine infrastructure company called Orion Holdings (ORN) as an interesting deep value play. I first read about it in a paywalled article. This is a company you'd be interested about if you are bullish on infrastructure spending, especially marine related, but also are looking for deep value plays. If you want something more 'quality' focused related to infrastructure materials, I'd take a look at CRH which I had written about some weeks ago. I don't have the motivation to write out a full thesis about it, but I did put together some comments about the latest results. I will post them now, in case anyone *does* ever research this company. But first, a brief comment for some context on why this business has sucked recently: ORN several years ago bought a concrete segment, so today it is a mixture of a marine and concrete segment. The problem is the margins in the concrete segment are atrocious and in recent quarters, even negative. The marine segment is performing reasonably well, although there was some near term weakness regarding dredging operations and a more competitive bidding process from the Army Corps of Engineers. Recently they swapped out a CFO who declared the business would take a new approach to increase margins in the concrete segment. What was happening before is that the concrete segment would take on just about any order, no matter the margins, because they owned their equipment so the incentive was to take any order no matter what. The CFO also is in the process of selling down lower margin assets. It might even be better for them to just sell that concrete business given how atrocious it has been to margins. When I first read the article about it, the company was trading at like 8 or 9 times adjusted EBITDA, but really was closer to 6 accounting for some divestments, near term losses. The authors claimed that this was at earnings trough, and once the cycle picks up again (thanks to massive infrastructure spending), the company was closer to 4x EBITDA. Since that article, the company has an immense rally of about 50%, thanks in part to decent earnings report. Here is what I have to say about the earnings: > It appears that Q1 through Q3 saw contract revenues of 168.5+159.2+182.5 = 510M, which if we just extend Q4 by the average or 170M, comes out to 680M, just shy of the authors' estimate of 700M for 2023 in their article. > > Encouragingly, margins have improved significantly through the year. From -3.1% to 5.2% EBITDA margin, and similar trends for adjusted EBITDA margin. They pointed out that concrete segment has been adjusted EBITDA positive since March, posting "adjusted EBITDA margins of 2.4% in the quarter compared to negative margins in the prior year." But for marine, "We think low double-digit adjusted EBITDA margins are achievable for Marine. Our Marine segment is performing well and in the third quarter adjusted EBITDA margin was 9%." So we are on the pathway to 10%. > > With about 50M in debt and neglible cash along with a 158M market cap, we have an EV of about 208M. The TTM EBITDA was 12.2M, implying a 17x multiple, much higher than the 'pro-forma' 9 mentioned in the article. Clearly [the article's] call went well! > > At the current revenue run rate of about 680M and current 5.2% EBITDA margin, that implies 36.4M in EBITDA, or a 5.7 forward EBITDA multiple. Using TTM numbers is definitely very misleading because of some unprofitable quarters. That still feels very cheap. But applying the 6-7 multiple [the authors'] suggest for a 'fair value' on 36M in EBITDA you get $236M, which is slightly higher than today's EV. > > But if we get to 10% EBITDA margins and also the EBITDA continues rising back to historical number, then things can change. Then 700M in revenue translates into 70M in EBITDA, and a 6.5 multiple gets you to 455M. > > The 36M Houston sale [the authors] had mentioned ended up getting delayed. Apparently the buyer ran into financing issues, and they are being forced to look for new customers. They suggest a sale would close by early next year. So there is still a potential positive catalyst for the balance sheet in the future, but certainly a disappointment in the near term.
If you wanna play it safe consider industrials like CRH and OSK. They pay dividends and have backlogs of work scheduled for all of 2024. This is not financial advice.
CROX had a nice day. I plan to hold for a long time! Thanks for heads up on CRH, will look into it.
New stock on my watchlist: CRH. My eye was caught by Voss Capital's write-up, which can be found in pages 4-9 of their [Q3 Letter](https://www.vosscap.com/quarterly-letters). In a nutshell: Valuation gap from UK to US discount (which should narrow due to re-listing), 5 years of demand locked in from massive infrastructure spending by the US government, strong moat due to logistics (ability to deliver >> ability to negotiate prices on material, effectively an oligopoly within a given local region). And what excited me the most: "$35B of cash generation over the next five years, an amount equal to >90% of the Company's current market cap." Voss calls for a $120 share price in 1 year. I'm going to do a bit more research but I like what I see.
CRH - vertically integrated building materials company out of Ireland. Strong moat, lots of investments in infrastructure and near shoring for foreseeable future and they just moved their primary listing to NYSE & are undervalued vs to US peers.
$CRH up 10 days in a row. Short it or buy Dec ATM puts.
CRH - building materials., makes 75% of profits from NA and they just moved their primary listing from Ireland to NY. Company is undervalued vs US peers and heavily benefiting from increased infrastructure spend, near-shoring, homes undersupply, green transition and weather disasters.
>road construction/engineering Here U go... **The top publicly traded road construction and engineering companies:** **Vulcan Materials**: This company is expected to see a lot of roads paved or repaired in the coming years. Its market value is $26.0 billion. There are several other publicly traded companies that are similar to Vulcan Materials. Here are a few: **Martin Marietta Materials Inc**: This company is a competitor of Vulcan Materials, and is also involved in the production of construction materials. **Eagle Materials Inc**: This company is involved in the manufacture and distribution of heavy construction materials. **US Concrete**: This company produces and sells ready-mixed concrete, aggregates, and concrete-related products and services for the construction industry. **CRH**: This is a world leader in basic materials and one of the most active consolidators in the industry. **Loma Negra Compania**: This company is involved in the production and commercialization of cement and its derivatives. **HeidelbergCement**: This company is one of the world’s largest building materials companies.
$CRH. . An Irish company with it's primary listing on the LSE at the moment but that is set to change to the NYSE soon.
CRH, who rang the bell this morning and just started trading today at the NYSE, is probably your best best. They specifically talked about how destructive electric vehicles are and how horrific they are for the environment. Potholes are basically their thing, and EVs cause so many of them.
Critical mineral suppliers, construction companies (look at the enormous increase in spending thanks to IRA / Infrastructure Bill)--maybe CRH for its asphalt/concrete, any kind of renewable energy company that will benefit from IRA tax credits (e.g. battery makers), fiber broadband companies (I own CLFD, set to benefit from BEAD + RDOF spending), sustainable fuel ($DAR might be an example?)
$CRH, just bought out a competitor’s Ukraine cement factory
>The news from earnings reports and other business stories today shows that some companies are doing well despite the challenges of the past year. Best Buy, Anheuser-Busch, Kroger, Macy's, Sprouts Farmers Market, TD Bank, Costco Wholesale, Dell Technologies, Broadcom and Nordstrom all reported better-than-expected results. Meanwhile Ford is taking steps to make sure it can self-repossess cars if necessary and CRH is increasing its share buybacks.
Apparently more firms are choosing to list in the US over London, [as recent examples from Softbank's Arm and CRH](https://www.ft.com/content/da4e8397-ef73-4d21-9062-1542d715d45c) show. The argument is that being listed on the NYSE results in trading at nearly twice the valuation. > Analysts at UBS said shifting the listing to the US could lead to a “multiple re-rating given US peers trade on roughly 25x [price to earnings] vs CRH on 13x”. Is this not an extremely obvious arbitrage opportunity for companies? Why isn't there a flood of companies looking to list in the NYSE?
FTSE 100 company CRH deciding to move to US stock market listing as the UK continues to lose out to overseas rivals Well, shit 🥹 https://www.bbc.co.uk/news/business-64821560
SoFi/GT/PTON/AMC/AAL/CHWY/. Won’t touch PTON/AMC ever again lol. Not enough volume but if volume ever picks up I’d play CRH (materials) have a lot of stock on this, used to work for them. SIRI would be a viable choice ofc if volume picks up. But I might start playing with CRH covered calls and Siri
Same here with ally. About to take half of my larger savings from there and move it to fidelity and buy SPY, and materials (CRH) for divies and maybe GT cause rubber and some other shit. Hoping divies will be nice for a few yrs plus growth and then might just open a gym. Tired of engineering shit for others. Stupid major did it cause I liked it and doesn’t pay shit considering COL is skyrocketing. Didn’t mean to ramble at your comment lol just a bit upsetti
>So does sand Instructions unclear, but oddly convincing. >Invested in CRH Americas Materials Same
>So does sand Instructions unclear. Invested in [CRH Americas Materials](https://www.morningstar.com/stocks/xnys/crh/quote)
Seeing the way Ukraine is fighting makes me think they’re gonna build back fast as soon as the war is over so I bought a bunch of CRH.
Good luck and enjoy your stack, don't forget to join WSS, more info. Also CRH and Coins