OTCPK:PILBF - Post by User
Comment by
seatleslimon Dec 01, 2014 7:38pm
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Post# 23183544
RE:Anyone know what's up?
RE:Anyone know what's up?Nothing. Spill over from oil-induced carnage on TSX. PLS is selling building materials for projects in Bay Area and LA, both approaching aggregate constrained status. Aggregate pricing simply is not exposed to the price fluctuations of oil, copper, etc. Totally different animal. They have treated it like a Canadian E&P company for the past month or so. Volumes should be up 25% in 2015 with better price increases than 2014. I don't believe the asset can be replaced at mkt cap (today's close) less their working capital. Cash, no debt, positive 2015 cash flow (and beyond), long-life (interminable for all intents and purposes )reserves. Aggregates serve local markets. Theirs are constrained.