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U.S. Concrete, Inc. Message Board

  • daninfw04 daninfw04 Nov 24, 2010 7:18 AM Flag

    Book Value

    Just calculated tangible book value for newly issued USCR at $11.04 per share. 10Q broke latest quarter into 2 parts, first 2 months under old financial structure and last month under newly capitalized structure. USCR made one penny. I realize this is almost infintestimal but they made money when most in sector lost. Bodes well for the future. Looking out 12-18 months we could double or triple from these levels. The real buy may be the warranbts if they ever start trading. They could end up going for a quarter +/- if price copntinues to drop. We can all complain about how management screwed the company and the 3 institutions stole 1/3 of the company but I am interested in making money and recovering my small loss on this one somewhere in the future. I still don't think it's time to buy but it's getting close IMVHO. GLTA. DaninFW

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    • are you looking at buying the warrants? YOu noted them attractive at a quater? Or are you going to try and make money on the stock? Thanks as always for your opinion.

      • 2 Replies to dixxy
      • I am looking to buy warrants if the price is right. I don't know what the problem is that one cannot trade these. I have some in my account, and I cannot get a quote.

      • Hopefully, make money on both. the warrants will probably take a year plus to get in the money, maybe 2-3 years. However, if they do trade for say a quarter, they could be worth $5-10 each if USCR ever got to $25 +/- which I think will happen. That would be 20 to 40 times your money.....however, I have no idea what the warrants will open at......but if USCR keeps dropping they could be real cheap. I just finished looking at the slide presentation and found it very enlightening. Read closely some of the statements. Lat quarter had over $7 million in restructuring charges with $600,000 just in SGA. They would have mad $752,000 and not $152,000 just with that. Margins improving. They also stated that they have reflected zero benefit for income taxes from previous losses. That will be millions alone in the future to protect future profits. Nobody cares about USCR and it may be a year before an analyst even thinks about covering it. So, you need to follow CX and TXI if you want to find out about the sector. TXI was up almost $2 today. They recently were suggested as a buyout candidate because of their operations in California and Texas which will benefit immensly from infrastructure projects. The author states it takes about 18 months just to plan a major infrastructure project and they are hitting now as the money was approved almost 2 years ago. USCR is heavy in both states as well...I see USCR as an easy double or triple in 6-18 months. Here's a link for the slide show last week: daninFw

        http://www.sec.gov/Archives/edgar/data/1073429/000110262410000537/exh99_1.htm

 
USCR
25.52-0.14(-0.55%)Jul 28 4:00 PMEDT

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