OTCPK:PILBF - Post by User
Comment by
seatleslimon Apr 03, 2015 10:09am
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Post# 23594792
RE:US Concrete - acquiring / stock soaring at $35.55
RE:US Concrete - acquiring / stock soaring at $35.55Again, really appreciate your contributions. I am convinced that the hickups in past two quarters, delay in LB start up, 5-year status as a "story-on-the-come" and, finally, residency in TSE "natural resource" space has resulted in PLS's share price disconnected with real time. If you think about a $300mm US interim valuation, it is not a very high bar. There is a chance at high single digit margins per ton beyond that. This would receive the larger valuation targets you have already put out there. FWIW, I believe this gets rerated in coming months. Not a single article about this company/situation yet. It's a great story and that should change.