Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Been musing about FBU...at least these guys are still in business, unlike many of their competitors (Arrow, Mainzeal, Hawkins etc) . So perhaps they have done a slightly better job than we gave them credit for. Disc. No longer holding.
Been musing about FBU...at least these guys are still in business, unlike many of their competitors (Arrow, Mainzeal, Hawkins etc) . So perhaps they have done a slightly better job than we gave them credit for. Disc. No longer holding.
Those other companies didn't have the likes of building products, concrete, steel, distribution divisions that contributed over $300m EBITDA in the last 6 month to FBU's result. If FBI were construction only like these other guys, they'd be kaput also I would imagine.
But going forward, expect there would be less competition, more robust costings, better margins for new projects.
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