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U.S. Concrete, Inc. Message Board

daninfw04 228 posts  |  Last Activity: Aug 15, 2014 3:27 PM Member since: Mar 23, 2004
  • Reply to

    Hi Dan

    by wow1smallworld Jun 24, 2014 7:22 AM
    daninfw04 daninfw04 Jun 24, 2014 8:16 AM Flag

    Read back on all recent posts for USCR. I like the warrants for leverage more than the stock itself. I think there's 50% potential in 12-18 months for USCR but many times that for the warrants. As for broadcast stocks, the Supreme Court rules on Aereo either tomorrow, Thursday or Monday 6-30-14. When decision is made, NXST, SBGI, GTN, MEG, EVC and others in sector will bounce 15-20% or drop 15-20% within days IMVHO. I wondered if you walked off the face of the earth. Good to see you alive and well. DaninFW

  • daninfw04 by daninfw04 Jun 23, 2014 11:56 PM Flag

    Here's a great technical analyst of USCR:

    Type: Number of times a stock has stopped at a resistance/support area, the more times the stronger the area.
    Strength: Amount of volume occurring at resistance/support areas, the higher the more significant the area.

    CURRENT PRICE 25.32, at resistance, 25.53 ± 0.38, type Double, strength 8
    RESISTANCE ABOVE +9.5% at 27.73 ± 0.42, type Single, strength 8

    SUPPORT BELOW -3.7% at 24.38 ± 0.37, type Triple, strength 10
    -6.1% at 23.78 ± 0.36, type Triple+, strength 10
    -9.3% at 22.96 ± 0.34, type Single, strength 1
    -11.3% at 22.46 ± 0.34, type Double, strength 9
    -13.3% at 21.96 ± 0.33, type Triple+, strength 10
    -16.4% at 21.18 ± 0.32, type Single, strength 1

    If we can break out above current resistance of top at $25.91 there is zero resistance till we get to $27.31.
    Might be time for a nice pop. DaninFW

    Sentiment: Strong Buy

  • daninfw04 by daninfw04 Jun 23, 2014 11:42 PM Flag

    USCR announced they bought another 350,000 at $24.25 from Whippoorwill. That's 550,000 shares retired in quick fashion.......almost 5% of total shares. Wonder why #1 holder is dumping? USCR is now nicely ahead of 50 day and 200 day average. But, once again it appears that BOD's and management is in cahoots. This buyback was approved apparently for the benefit of the largest holder as nobody else is benefitting. Appears they are using USCR as their personal ATM machine. If the company does continue to retire shares this quick and get the $50 million approved buyback done quickly to the tune of +/- 2 million shares it will make the remaining shares worth even more. Just the current 4%+/- buyback will increase EPS 4%.......I also view the aggressive buybacks as indicative the current quarterly results are very strong as well as cash flow to enable this. DaninFW

    Sentiment: Strong Buy

  • daninfw04 by daninfw04 Jun 23, 2014 6:31 PM Flag

    I am really confused. USCR is constantly talking about adding new trucks which are very expensive. There is a giant parking lot off of Sylvania Street in Fort Worth where about 30+/- USCR Redi-Mix cement trucks are parked 24/7........they are always there. Why buy new trucks? If these are old trucks why isn't management selling them? I will add they look like pretty new trucks to me. Another indication of poor management getting overpaid. Somebody needs to buy them out quick. I go by there constantly as it's near one of my favorite restaurants. It's been that way for at least 2 years. Somebody ain't too smart. Or, is USCR just wasting money to try and keep stock price down? Something doesn't fit. DaninFW

    Sentiment: Strong Buy

  • My postings may seem negative. I have stated many reasons why USCR should be much higher.....all things due to economy growth and cement prices rising constantly. USCR is benefitting whether they have top management or a bunch of high school dropouts running the company. The exec pay for performance is out of control. Another key metric is average productivity per employee. If you take the headcount at EOY for USCR which was 1,786 FT employees and TXI which was 2,040 employees........and divide most recent quarter sales multiplied by 4 to get an annual current sales trend number........$146,257,000 for USCR and $207,828,000 for TXI (quarterly numbers)......you get productivity of $32,756 per employee for USCR and $40,751 per employee for TXI.
    That tells me that USCR is overstaffed by around 20% all things being equal. This along with exec pay is exactly why someone will buy USCR.......and they will carve the fat. Looks to me like at least 300-350 extra employees. Poor management.

    Sentiment: Strong Buy

  • daninfw04 by daninfw04 Jun 23, 2014 6:17 PM Flag

    One of the things that does bother me is the exorbitant executive pay for USCR execs. The CEO makes MORE THAN DOUBLE the CEO of TXI which does 50% more revenue and he sold the company for over $90+ a share. He's doing a great job. All the top VP's at TXI also make hundreds of thousands less than their counterparts at USCR that have 50% less responsibility. USCR gets out of bankruptcy and the BOD's goes crazy and overpays the execs. You would think they would learn something about expense management. They are paying the CEO of USCR $1,444,000 a year while the CEO of TXI gets $663,000. Just the top 3 or 4 execs are getting well over a million dollars a year more than counterparts at TXI. They should be getting LESS. Could easily be $1.5 to $2.0 MILLION to the bottom line after taxes, benefits, insurance, etc. That's 10-15 cents EPS.............DaninFW

    Sentiment: Strong Buy

  • Reply to

    International Interest in US ready mix companies!

    by zip05751 Jun 23, 2014 4:11 PM
    daninfw04 daninfw04 Jun 23, 2014 5:56 PM Flag

    My money is on an offer from Martin Marietta once they close on the TXI deal. USCR operates in California and Texas where TXI is also very big and would give them a presence in other areas like Washington, D.C. and New Jersey........all big areas right now. USCR would be a perfect fill-in and could maximize with synergies and elimination of overlap. I expect an offer of $36-40 in next 3-6 months. If not, this will be a $40-$50 stock in 18-24 months IMVHO. Look at the valuation metrics for TXI and USCR. Almost every metric says if they were buying USCR for same metrics it would be a $100 stock. I just can't come to believe that but it is possible we could see $50 if next 2 quarters are as strong as I suspect. IT is almost impossible to get new permits for new cement plants with EPA approvals. now. DaninFW

    Sentiment: Strong Buy

  • daninfw04 by daninfw04 Jun 21, 2014 4:45 PM Flag

    There was no news on it but I was just checking SEC filings and on 6-19-14, USCR filed to swap existing $200 million face 2018 8.5% bonds for new ones of the same everything. Made no sense except they must have less conditions or something. It cost USCR over $25,000 filing fee so I hope they got something for it. It may be that they did it so they could trade publicly now as they are all in private hands. Could be something is up however. You never do anything unless there is a reason. Unusually high volume last few days. DaninFW

    Sentiment: Strong Buy

  • daninfw04 by daninfw04 Jun 20, 2014 9:12 AM Flag

    "The rapid rise in oil prices bodes ill for this entire sector. Rising gasoline prices makes drivers cut back on driving which cuts back on repairs, oil changes, etc. Oil is also the main ingredient in the manufacture of tires. Rising oil prices will negatively hit tire margins which PBY's is already struggling with. The margin improvement promised in last conference call will not happen. Here's a cut and paste. Anyone can goggle "rising oil prices and tire margins"..........when the smart money figures this out, PBY is going to drop:
    "he demand of oil and the difficulties in oil refineries is the major cause for the increased oil price. Oil is used mainly for two purposes: Firstly, to make the gasoline and secondly in tire production. The gasoline prices in the US have increased dramatically during the last few years reaching averages over $ 3.00 per gallon (EIA-Energy Information Administration). Oil is the major ingredient in the production of tires. Increased in oil prices means increase in the cost to make the tires, increase in the cost to heat or cool the plant where tires are made and lastly increase in the cost to ship the tires. The tire makers are increasing the price of the tires because of the increase in the price of the oil. Both gasoline and tire production affects the auto industry as the increase in the price in gasoline and tire production affects their profit margin." DaninFW

    Sentiment: Strong Sell

  • daninfw04 by daninfw04 Jun 19, 2014 4:01 PM Flag

    Either USCR is very serious about buying back stock or someone else is buying as much as they can. At 12:40:01 a 349,700 share block of USCR crossed at $24.25........DaninFW

    Sentiment: Strong Buy

  • Reply to

    That Was Quick

    by daninfw04 May 23, 2014 4:05 PM
    daninfw04 daninfw04 Jun 18, 2014 8:32 AM Flag

    I've made well over $600,000 on PBY since 1995. Don't think I missed too much. Never lost money on it. Will be $10 again. PBY still having sales decreases, low margins, poorest leadership in the sector. Been a buyout rumor since early 90's.

    Sentiment: Strong Sell

  • Reply to

    Very Frustrating

    by daninfw04 Jun 15, 2014 10:48 AM
    daninfw04 daninfw04 Jun 15, 2014 3:19 PM Flag

    I did a cut and paste and got about 1/3 of last posting done. Want let me do the other 2/3. Yahoo is a joke. Legitimate posters can't post and spammers can do it endlessly. You can't even post G in parenthesis to make a point anymore. DaninFW

    Sentiment: Strong Buy

  • Reply to

    Very Frustrating

    by daninfw04 Jun 15, 2014 10:48 AM
    daninfw04 daninfw04 Jun 15, 2014 1:45 PM Flag

    If USCR hits just $30.....then USCXW should hit $7+/- for a double while USCRW should hit $10+/- for not quite a double IMVHO. That's why I like USCXW better at current prices but both offer substantial upside if USCR breaks $30. That's also just under 25% move for USCR. We get four times the leverage on USCR at $30. If USCR hits $36 then USCRW hits $17+/- and USCXW hits $13+/-. USCR moves up just under 50% while we get a solid three bagger on USCRW and almost a four bagger on USCXW. That's why I like the USCXW's around $3.50.
    continued.....

    Sentiment: Buy

  • daninfw04 by daninfw04 Jun 15, 2014 10:48 AM Flag

    Just typed a detailed assessment and idiots at Yahoo won't post. I cut and pasted and tried 5 times. DaninFW

    Sentiment: Strong Buy

  • Reply to

    Saturday Posting DANINFW

    by mcbdan Jun 14, 2014 1:13 PM
    daninfw04 daninfw04 Jun 15, 2014 10:19 AM Flag

    Thanks. I just have three kids but expect only about 7 total grands. Got all three kids and 5 grands coming over today. Three grands live 5 minutes away just on the other side on the golf course, one lives 10 minutes away and the other just 20 minutes away. I often see all five in the same day. We are very Blessed.

    Sentiment: Strong Buy

  • Reply to

    That Was Quick

    by daninfw04 May 23, 2014 4:05 PM
    daninfw04 daninfw04 Jun 15, 2014 10:14 AM Flag

    I sounded dumb here. Made a typo. Meant to say buy again below $9.82. Today, I would say below $10.00. DaninFW

    Sentiment: Strong Sell

  • Reply to

    Saturday Posting DANINFW

    by mcbdan Jun 14, 2014 1:13 PM
    daninfw04 daninfw04 Jun 14, 2014 2:15 PM Flag

    Just a little of what I tried to post:
    CX almost back to 52 week high
    TXI going for $92-93 when it was proposed for $72
    KKR and partner bidding almost %6 BILLION for Holcim-Lafarge assets that must be divested.
    USCR could pop at any time.
    Grandbaby #6 due next few days.

    Sentiment: Strong Buy

  • Reply to

    Saturday Posting DANINFW

    by mcbdan Jun 14, 2014 1:13 PM
    daninfw04 daninfw04 Jun 14, 2014 1:52 PM Flag

    I give up. I posted my opinion on how to treat for taxes. I did the same months ago and Yahoo won't post. Don't know who the monitor is for this board but he/she is an idiot. I typed a bunch of other info as well. DaninFW

    Sentiment: Strong Buy

  • daninfw04 by daninfw04 Jun 14, 2014 11:52 AM Flag

    I still think we will see $36+ in next 12-18 months on USCR and probably much sooner. There is a great article on 6-11-14 printed in the IBD issue. Also, available under symbol MLM. Cement demand was up 4.5% last year, ad expected to be up 7.9% this year and 10% in 2015 and 10% in 2016. That's national average with USCR in the top markets. That should translate to 15% increases n 2015 and 2016 and probably at least 12% in 2014. If you factor in price increases of at least 5% which will probably be even higher due to increased demand straining the supply side, we should see sales increases of 20% a year in 2015 and close to that in 2016. Sales could almost double in next 3 years. I am loading up on any more cheap USCR warrants.

  • Reply to

    Dan's EVC basis probably down to $5.40

    by truth.monger Jun 13, 2014 12:31 PM
    daninfw04 daninfw04 Jun 13, 2014 1:43 PM Flag

    I wouldn't argue with some of your assessment. However, the 10 million shares is part of the personal ATM machine but is spread out over 10 years or a million shares a year. Still a lot. I won't argue that point. I don't think digital is losing money. We should confirm that in Q2 or Q3. It does need to be broken away from radio irregardless. I hate dual stocks with super votes. But, that was a concern at LIN and they agreed to change it last year and look what happened. The interest rate is still well below market and it gave them two years to continue improving retrains. When it kicks in next year there will be another $3+ million to retrans.. EVC doesn't have World Cup in 2014 but will offset with increased ad rates, retrans growth, digital/mobile growth as well as continued growth from insurance advertising. EVC is the least effected with political. I also suspect we will see Univision sell it's 10% in EVC in next 6-12 months especially if new FCC rules stay in effect. They want to sell the company for $20 Billion+ and if a foreign company buys them like Televisa which is rumoured, the FCC will have to wave the 25% rule and would probably require divestiture of their EVC stake.
    I've said this a dozen times or more. I bought EVC when it was trading in a range. I had made mucho dinero before. This time I didn't. I tried to average down but it kept dropping. I think it's a steal below $5.50. I will average down further if it stays at these prices after Aereo ruling is made in favor of broadcasters. Not wise to put more money in this one till then. I may get a chance to buy at $4.50 but that will be brief and I will have to be fast. DaninFW

    Sentiment: Strong Buy

USCR
25.54-0.20(-0.78%)Aug 26 4:00 PMEDT

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