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USCR cheap here at $83. Why ?

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wadegarret Member Level  Wednesday, 01/03/18 11:52:02 AM
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USCR cheap here at $83. Why ?

For one, the present price is not even close to reflecting the new tax plan. USCR was at $83 before the plan only a month or two ago. With the new plan, they will make $6+ for 2018, instead of $5. If we increased the stock price by 20%, it would be $100. However that's only the beginning. Vulcan Materials, a larger peer, is not expected to grow as fast going forward, yet sports a 20+ PE going forward. USCR is selling at a 16 PE going forward, even not counting the lower tax rate coming. I believe USCR is undervalued by 25% or more, and have a $105 target.


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