Article Abstract:
Concerns by investors relative to stocks related to construction have had a negative impact on cement and aggregates stocks and have made these a poor selection for the year 2000. However, acquisition activity, expanded capacity, demand and the Transportation Equity Act indicate that the fundamentals for the industry are favorable for the future. These stocks are expected to show good price gains for the next three to five years, although they will not outpace the market in the year 2000.
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Article Abstract:
The outlook for cement industry stocks for the near-term is not inspiring in spite of good results in 1999 and expected good profits in the year 2000. A shortfall in domestic cement supplies, rising construction spending, and new strategic moves by cement companies are good omens for the future, however. These stocks are not timely for the year 2000, but most have good potential for the next three to five years.
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Article Abstract:
The near-term prospects for cement and aggregates companies are mixed. Production-improvement efforts and good industry fundamentals should contribute to solid share-net gains over the three-to-five-year time frame. Centex and Florida Rock have favorable rankings for year-ahead relative-price performance. Investors are advised to examine individual companies' reports before they make final investment decisions.
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