Savvy Trades and Investments

[littlefish]

Another terrific Q for MCEM. Was buying this in the low $30s in late 2015 and added up to high $30s before stopping so it has moved a bit but operationally they have improved handsomely and they're doing well on their investments too. Pension liability is down quite a bit as well. A strong quarter considering it was Q4:

http://www.monarchcement.com/Assets/PDFs/SEC%20Filings/2017/2016%20Annual%20Report.pdf

This is a top 10 holding for me but not top 5. They trade a bit over tangible book now when including class B but they've improved operationally before any more potential federal ramp ups outside FAST Act. Of course they're kinda in the middle of the country so not too sure how well they'd benefit from potential federal infrastructure dollars if infrastructure becomes a bigger focus going fwd as a national priority.

All IMO only. Good luck all.