RE:wowcommodity16 wrote:
This ones getting stupid cheap here. Way, way overdone. CRH management has estimated approx 13-14% hit to the bottom line earnings, IF, the implied rates change today; ....and the sp falls how much? Nuts! The next couple aquisitions should make up for the lost revenue, and if the track record of growth continues on for this management team as expected, this ship is bound to turn around. Business has not faultered in any way. Aquistions have been being made by cash/ credit lines..no shares issued, no dilution so far. Margins will still be high even after new rates. CRH recently lowered their borrowing rate which will save them costs there. A company has to be reputable to get cheap $ from the banks...which CRH had just done a little while back. CRH is starting to look like a screaming buy again for the real investors here, maybey not for day traders.
it will likely take a few quarters to settle but i agree - once the institutional money starts pouring in we will see a huge uptick. they can easily bolt on additional EBITDA by way of acquisition which should also see a share increase.
the problem is uncertainty and visibility - the investment community needs to see the impact of the rates proven out first.
it will take time but the stock at this level is just ridiculous.