Originally Posted by
Shareguy
Beagle makes some good points. It is easy to get carried away and suggest anyone with doubts don’t invest it’s that’s simple.
I don’t view this as a cyclical short term opportunity. I worked in the industry for a long time including at STU and see this as a turnaround storey. The building industry has been boyant for years. What Mark has done has taken out large costs, simplified the business, changed the focus to margin and most importantly by all accounts placing value on staff.
Like Rak and Skt I have researched this company in detail and see great value. There is no justification for STU to trade at such low multiples compared to Vulcan. At every level I look at Stu is way way undervalued which is why I have backed the truck up and have a substantial holding, more than the CEO.