OTCPK:PILBF - Post by User
Post by
aggmanon Nov 05, 2015 4:18pm
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Post# 24263683
Sandbrook comments on NoCal markets
Sandbrook comments on NoCal marketsHighest construction activity, highest prices, highest price increases, deepest backlog is in San Jose and San Francisco.
He spoke highly of Oakland and the North Bay - a lot of residential work.
He keeps talking about their focus on higher spec higher quality work - that would consume and demdn orca products.
He referred to NoCal markets as being reasonably consolidated - and thus better markets for pricing, and he sees higher cement, aggreagte and ready mix pricing being good for the entire vertical - its all leading to margin expansion - whether he is buying or selling of products.
19 quarters of price increases, and he is seeing cement letters of +$12 to + $15 per ton from 1 january 2016 - to 1 April 2016 and he states this is very good for price improvement.