Sulja Bros. Building Supplies, Ltd (SLJB): It's always good when a $350 million dol...

Sulja Bros. Building Supplies, Ltd (SLJB)

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WhiteSahara

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Tuesday, 09/05/2006 2:02:13 PM

Tuesday, September 05, 2006 2:02:13 PM

It's always good when a $350 million dollar contract is secondary news to what you really want to hear, a Form 10 release.

I like what I believe the contract represents. Cement is mined in Eastern Europe at very low labor and expense costs and direct shipped to Abu Dhabi. That makes for very low SLJB fixed costs and provides a nice return.

It is very possible the structural steel news we await could dwarf the size of this contract. Steel has equal importance to cement (concrete) in a large multistoried building and costs a lot more to produce, form and ship.

It was very interesting to see naysayers vanish like morning fog prior to the release of news. They are well connected apparently.

AIMHO
Airdale

This post is an opinion and should not be considered reason to buy or sell any security, or to besmirch, belittle or berate any person, religion, cult, creed, race, sex, political party, company or company representative of any age or appearance.