EXP $98.11 Another hurricane stock. Missed spotting it early for the big move last week. I can kick myself for missing this. But it may not be done yet. It hit an all-time high back in Feb @ $110, and its been trending down ever since. (until last week) It broke the 200 and the 50 on 8/30 and it looks like it wants to bounce off the 200 for the last three sessions. Will look at more T/A later. This one saw a slight bump of about 30% immediately following Katrina. Sandy caught it at a multi-year low and it moonshot. Sure seems like this one has all the right products in all the right places. If this were just some run of the mill flood disaster, I wouldn't get too excited about stocks like this... in fact I'd probably try to short the knee jerk reaction... but Harvey I think is going to prove much different. Anyway, more to follow. Here's the fundamentals: https://finviz.com/quote.ashx?t=EXP Description: Eagle Materials Inc. produces and sells construction products and building materials for use in residential, industrial, commercial, and infrastructure construction in the United States. It also produces materials used for oil and natural gas extraction. The company operates in five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants. The Cement segment is involved in the mining of limestone; and manufacture, production, distribution, and sale of Portland cement, as well as specialty oil well cement. The Gypsum Wallboard segment engages in the mining of gypsum; and manufacture and sale of gypsum wallboard used to finish the interior walls and ceilings in residential, commercial, and industrial structures. The Recycled Paperboard manufactures and sells recycled paperboard to gypsum wallboard manufacturers and other industrial users. This segment also offers containerboard grades, lightweight packaging grades, and recycled industrial paperboard grades. The Concrete and Aggregates segment is involved in the sale of readymix concrete; and mining, extraction, production, and sale of crushed stone, sand, and gravel, as well as lightweight aggregates, such as expanded clays and shales. The Oil and Gas Proppants segment engages in the mining and sale of sand used in hydraulic fracturing. Eagle Materials Inc.'s products are primarily used in commercial and residential construction; public construction projects; and projects to build; and expand and repair roads and highways, as well as in oil and natural gas extraction. The company formerly known as Centex Construction Products, Inc. Eagle Materials Inc. was founded in 1963 and is headquartered in Dallas, Texas.
Just checking up on this company, it looks like they are going from one to three shifts according to their employment page for sheet-rock. Go figure huh? They are gonna KILL earnings and revenue this time. No way they can't. And I think it'll continue, ie not just a one quarter wonder. They'll be shipping to Puerto Rico and S. Florida and the Virgin Islands via the ports in Houston. Damn I wish I'd seen this thing at $90.
OT here in my own thread....but this Cat 5 is gonna hit PR head on. My god, if the level of destruction rivals what St John saw.... they have 3.4 MM residents! This is not St John with only 5000 people. And to add to that, PR was already flat ass broke.... Is God out to get Trump? Interesting times to say the least. Assuming the world doesn't end.... drywall and Lithium is where its at.