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Texas Industries Inc. Message Board

  • tj_shanks tj_shanks Jul 11, 2013 12:30 PM Flag

    What garbage smoke & mirrors

    puts, in particular pJuly65s +100% today on gap up reversal b/c analysts are complete nitwits to not see that there has been little or no earnings growth if not for 1-time gains via discontinued ops

    stock gaps up +4% and makes 3 attempts to hold $66.50 to $67.50 range, and Jefferies placed a "hold" so they could dump while you are wondering what all the mumbo jumbo really means

    blame the fed for ruining the market with these gap ups as the lovely bears should've seen this dog open -4%, but they continually ruin your puts with the S&P500 manipulation up

    this market will end very badly sometime in 2014, and this is just one dog of many that should not be way up in the 60s

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    • Guys - I dont know why you would think the market would ever be "fair" or companies "properly valued" (look at Tesla, Netflix and Amazon).

      But like Tesla, TXI trades on potential future earnings (with management always screaming about 400M). Couple that with new capacity (500k tons now, 400k tons still coming), a recovery in housing + infrastructure and a low float and wham-o - you get $60+ per share.

      Based on "potential earnings" I wont be surprised if they reach $70+ again. Im not saying it's right, it's highly speculative, but that is what the market craves.

      This is a good short-term short perhaps but in the long run, the prospects and "potential" will keep the share price high. And management has never been more excited and confident as they are now (certainly not 2 years ago).

    • Totally agree. I don't understand how anyone with half a brain would own a stock like this - all you have to do is see that their real earnings only come from selling assets. Texas good ol boys better hope they sell now before there is a re-test of $45.

 

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