A.I.M. Users Bulletin Board

[Neil Scott]

New Program on RIN.AX

Just started a new LD-AIM program on Rinker Group, was a former Australian company (A spin off from CSR as I remember)that is now headquarted and conducts most of it's business in the US.
It's in the building products business and has been beaten down recently from it's highs (using the US figures from Bigcharts)of $83.46 to $51.28 currently a drop of around 38% from its high.

People have probably been spooked by the possible effects of the rising interest rates on housing in the US and the flow on to profits. Rinker is pretty diverse though and housing is only one part of their sales.
The current year P/E and the forward P/E are low at around 11 and it seems to be getting a good ratings from the analyst's.

It's about time I added another large cap stock to my portfolio.

Regards (from a chilly Adelaide)

Neil