Originally Posted by
Waikaka
STU is about 2% of my portfolio. Your prompt brought me back to have a relook.
I don't mind them consolidating sites but I hate it when they think it is such a good thing to sell off all their property. Really guts the underlying assets and margin of safety.
I like the cash flow and reasonable expectation that they will do well out of large infrastructure but could well be offset by residential and property related declines.
Sounds like they have a few big jobs coming up (CRL, Napier Port, Metro Sports in chch and Mangere bridge patch up). Suspect these will happen even in a post covid world, even if some delays in timing.
Been picking up small amounts but pretty modest.