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U.S. Concrete, Inc. Message Board

barron_rob 5 posts  |  Last Activity: Mar 7, 2015 8:15 PM Member since: Oct 26, 2010
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  • Reply to

    Blow Aaway Q4

    by daninfw04 Mar 5, 2015 9:03 AM
    barron_rob barron_rob Mar 5, 2015 10:05 PM Flag

    Very healthy report today. A few take aways from the call today:
    * Gross profit up 30.5% on 16% revenue growth
    * Free cash flow has improved $26.8 million year-over-year.
    * We will see older jobs fall off and replaced by better margin projects
    * Acquisition pipeline is larger in number and deal size than what was done Q4 and Q1.

    Overall no negatives to be found. I see profits ramping up through out this year.

  • Reply to

    Blow Aaway Q4

    by daninfw04 Mar 5, 2015 9:03 AM
    barron_rob barron_rob Mar 7, 2015 8:15 PM Flag

    Sterne Agee moved there price target up $3 from $39 to $42. I think the performance of MLM and Vulcan will attract some more attention to the sector. Hopefully another analyst or two.

  • Reply to

    Warrant Update

    by daninfw04 Mar 3, 2015 8:39 AM
    barron_rob barron_rob Mar 4, 2015 11:56 PM Flag

    Danin the majority of what you posted is correct with two caveats. First, the easy one - the buyout calculation is accurate as long as 90% of the company is acquired. The more important question is what effect does the issuance of a dividend have on the exercise price? This is covered on page12 of 39 under section 5.1 mechanical adjustments. Section (a) covers regular dividends and stock splits, with (b) addressing special dividends. The short story on the subject is that a regular dividend does reduce the exercise price. I refreshed my memory by pulling up the warrant information located on USCR's website.

  • Reply to

    Random Thoughts

    by daninfw04 Mar 1, 2015 10:01 AM
    barron_rob barron_rob Mar 3, 2015 11:50 PM Flag

    The Barron's article was a good read. Also of worthy note were the earnings call for Eagle Materials (EXP) and MLM. All indicated that cement is essentially sold out in Texas for the foreseeable future (I.e. volumes to remain strong). Expectation for pricing was for two increases during the year.

    I believe revenues and EPS are being drastically discounted by the analysts. My expectation is that they are off by a dollar on EPS. Something shy of $4 EPS on $900MM in revenue for fiscal 2015. Thursday's earnings call should be interesting.

  • Reply to

    I wonder where it goes from here?

    by jason_l_cain Jan 3, 2015 3:23 AM
    barron_rob barron_rob Jan 10, 2015 12:37 PM Flag

    How are you arriving at the $8.62 terminal value?

34.12+0.73(+2.19%)Mar 30 4:00 PMEDT