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  • Reply to

    transportation funding bill

    by gbg470007 Jan 22, 2015 1:58 AM

    With the strong US$ and low oil /commodity prices eventually the markets can only go but up. And maybe there is hope for some construction funding from the state or Federal government.

    At $ 13-14 the shares are fairly priced.

  • check the news for transportion funding bill..i think with all these insider buys..CMC is into something.And here is THEY mention about the bill..in the last quarter..CC..

    "Barbara Smith - Chief Financial Officer and Senior Vice President
    I'd add and like to point out Evan that lower energy prices could be provides some positive momentum around the renewal of the transportation bill. And I think that discussion is only beginning but it might create an opportunity where they can find the funding mechanism and that could be a real positive that's right now not factored in anybody's outlook.

    Evan Kurtz - Morgan Stanley
    That's an interesting point. Thanks. I'll turn it over."

  • insider bought 10K shares..finally picked up some shares around $13

  • The chances of the stock doubling some time in the future become bigger and bigger

  • On October 28, 2014, we announced that our Board of Directors had authorized the Company to repurchase up to $100.0 million of shares of our common stock. The stock markets in general have experienced substantial price and trading fluctuations, which have resulted in volatility in the market prices of securities that often are unrelated or disproportionate to changes in operating performance. These broad market fluctuations may adversely affect the trading price of our common stock. Price volatility over a given period may also cause the average price at which we repurchase our own common stock to exceed the stock's price at a given point in time. In addition, significant changes in the trading price of our common stock and our ability to access capital on terms favorable to us could impact our ability to repurchase shares of our common stock. The timing and amount of any repurchases will be determined by the Company's management based on its evaluation of market conditions, capital allocation alternatives and other factors beyond our control. Our share repurchase program may be modified, suspended, extended or terminated by the Company at any time and without notice. Any failure to repurchase stock after we have announced our intention to do so may negatively impact investor confidence in us, thereby negatively impacting our stock price.

CMC
15.50+0.22(+1.44%)Mar 27 4:05 PMEDT