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Empresas ICA, S.A.B. de C.V. Message Board

  • warnbeeb warnbeeb Dec 18, 2013 5:18 PM Flag

    Nobody paying attention to ICA

    That's just fine with me. When they finely do, we'll all just be sitting here with shares bought under $8. ICA should double in a year. I could see $20's easily with any sort of Mexican infrastructure stimulus. This is a very cheap stock. A real company. It's not going anywhere. Sleep well my friends.

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    • redheadinvestor@ymail.com redheadinvestor Dec 24, 2013 2:45 AM Flag

      The number I've read associated with Mexican public works spending is USD 315 B over 6 years. This is very BOTE, but that's 6 B to 10 B in revenue for ICA over that timeframe, or at least 1 B per year in additional revenue, plus whatever knocks on. That's at least roughly a 30% profit boost per year throughout that timeframe. Plus whatever the oil DFI brings. I could easily be off but this is well possible and not a wildly optimistic scenario. At the optimistic end, we're talking like "near-doubled profits for many years."

    • redheadinvestor@ymail.com redheadinvestor Dec 19, 2013 12:31 PM Flag

      I agree. I think this situation is strange. This is Mexico's biggest construction company and they've been around since the 1940s. Their transparency is outstanding, their backlog is fat, and Mexico's Congress has already passed tax reform and DFI oil sector reform. The public works spending is coming and right now they are "between projects." Curiously, none of this is a big insider secret. ICA shares are a huge bargain - hiding in plain sight.

 
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