Q4 Earnings are out this week and I just re-read the transcript of the Q3 CC and thought I would post my comments to see if we can generate a little discussion.
I can't see where the metal casting business has improved any since last Q, but most of their growth was from overseas. The weak dollar should help ACO and the dollar index dropped from 81 to 75.5 from the end of Q3 to the end of Q4. With oil running between 80 and 100 dollars, I would expect oilfield services to be strong, but the flip side is that it hurts their energy costs for mining, etc. Construction was probably OK in Q4, but I would expect it to slow with a weakening economy next year. The latest estimate I can find for this quarter is $0.45, or an 18% gain over last year. My guess is for $0.50.
Full disclosure, I sold 1/3 of my ACO in Aug. for 33.50 (too early) and the rest at the end of October for 39.50 (lucky) and just opened a position this morning at about 32.67, so I am feeling OK for now. Good luck.