The company is very well managed and generates a good stream of profits. The total debt reached 2.6B, with a total turnover of 4.8B per year and profits of 720 million dollars per year. With Biden's infrastructure plan, the company will be a major beneficiary, however the share price already fully reflects this possibility. We therefore believe it is appropriate to wait for a retracement before taking long positions.
IMPORTANT:
Please remind yourself that this is just my personal view on the market. My analysis should NOT serve as any recommendation to buy or to sell.
Always make your analysis of your own before your trade.
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Please remind yourself that this is just my personal view on the market. My analysis should NOT serve as any recommendation to buy or to sell.
Always make your analysis of your own before your trade.
If you find useful my analysis, please hit the LIKE button and follow me.