Before long, i will not be writing new 21 year high but i will be writing new all time high.
In the past(before 2022),DRX did not have the luxury of being more picky as to witch contracts
they wanted to bid on.They had to take what was there at low margin to keep the mill busy.
Now with the booming infra. market,they have the luxury of being more picky to load the mill.
With an order backlog of $511 million, DRX fix cost are being spread on more sales.
In the CC. they said they will grow the top and bottom line.With higher sales, at these good margins
EPS will continue on it’s uptrend for the foreseeable future.
In the Pere en fils video, Jean Paschini said that he was aiming to have a 10x sales for the next generation.
This will not happen over night.It will take years but DRX is on the right track.
I see these news below constantly.I am not saying that DRX will win it or even bid on it.
But it shows how much work there is for the existing steel erectors.
Steel erector is not like a hot dog stand.You don’t start them just like that.
With the scarcity of skilled labour, DRX automation decision (Zebau line) gave them
a huge advantage and we shareholders are reaping the benefits of their wisdom.
Not sure if there will be weakness in the short term so that i can add to my diminished position.
Nice weekend to all happy DRX shareholders.
NEW YORK (AP) — New York City officials approved a plan Thursday to build a 25,000-seat stadium for Major League Soccer’s New York City Football Club next to the New York Mets’ stadium, Citi Field.
The $780 million soccer stadium, expected to open in 2027, will anchor a 23-acre (9-hectare) redevelopment project in the Willets Point neighborhood that will also include housing, a new public school, retail stores and a hotel.
The new stadium will be New York City’s first venue dedicated to professional soccer. NYCFC, which won the MLS championship in 2021, currently plays home games at Citi Field or at Yankee Stadium in the Bronx.
“Today’s City Council vote gets us one step closer to bringing this promise to life in Queens -– the World’s Borough will be our home for The World’s Game,” the club’s vice chairman, Marty Edelman, said in a statement released by the city.
