James282
Carpal \'Tunnel
Reged: 09/16/03
Posts: 5309
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I am thinking of buying a position at current prices and doubling down if it hits 4. Tough spot. Hmm. Thanks for the write up, either way!
James
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icetonez
enthusiast
Reged: 07/30/04
Posts: 268
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Quote:
Faced with tightening lending standards, commercial buildings will take a hit as well, dropping 6 percent in 2008. After experiencing a 40 percent surge of growth in 2007, thanks in part to considerable development of ethanol plants, the manufacturing sector will retreat by 11 percent in dollar volume to $16.5 billion. Some trends are more positive for 2007, particularly in the public sector as many state and local governments remain fiscally strong, Murray said. Public works could realize a 3 percent gain to $120.95 billion in 2008. Highways and bridges are predicted to be a major contributor to growth, as renewed interest has been expressed in Congress for infrastructure improvements following the I-35W bridge collapse in Minneapolis in August. Public-private partnerships also continue to offer additional revenue sources. Murray said that the sector could see a 5 percent increase in construction starts to $56.9 billion in 2008.
Values of institutional building will also rise 4 percent to $118.7 billion next year, while square footage of those projects will remain essentially flat, experiencing a modest 1 percent increase. School construction will be a strong contributor to growth in the sector, rising 7 percent to $56.3 billion next year, while healthcare starts will flatten with a 1 percent drop predicted.
http://archrecord.construction.com/news/daily/archives/071025construction.asp
Edited by icetonez (11/02/07 01:55 AM)
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nadical
addict
Reged: 04/28/05
Posts: 460
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when the q3 report come out?
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icetonez
enthusiast
Reged: 07/30/04
Posts: 268
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Quote:
when the q3 report come out?
Monday the 12th.
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DesertCat
Carpal \'Tunnel
Reged: 08/22/04
Posts: 4236
Loc: Pwned by A-Rod
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It's tough out there. NICK reported a decent quarter (sales up, earnings down slightly) and slid another 5% down below $8. Nothing to do but sit and wait (and play poker while I wait).
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icetonez
enthusiast
Reged: 07/30/04
Posts: 268
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Yeah, I would be happy with that quarter considering the environment. They should be looking real good once this passes.
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otis_nixon
addict
Reged: 06/17/06
Posts: 634
Loc: Me & Willie McGee
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I was just checking up on this, how come it hasn't traded any shares today? Or is my quote source off?
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krishan
Carpal \'Tunnel
Reged: 07/12/04
Posts: 7910
Loc: investing
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Quote:
I was just checking up on this, how come it hasn't traded any shares today? Or is my quote source off?
It's very illiquid.
Krishan
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icetonez
enthusiast
Reged: 07/30/04
Posts: 268
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Here is one of the organizations Dayton uses for projections. There is a presentation on the right side.
http://www.cement.org/
I decided to sell half my shares. I still like this long term, but am dubious about the company's short term results and the economy at large.
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Groty
enthusiast
Reged: 06/05/05
Posts: 254
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If the economy slows to 1% growth or less as many suggest, corporate default rates will rise, making it much harder for highly leveraged, economically sensitive firms to refinance.
A few high yield deals are still getting done. I'm amazed the equity sponsor hasn't pushed them to refinance the '08 maturity debt already.
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