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Laura's Thoughts

Wednesday, January 25, 2006

Stock Research - Florida Rock Industries

Purely for the selfish motives of tracking my stock research, here's some articles which sparked my interest in FRK:

17 Stocks that Always Go Up - Wallstreet Journal

Florida Rocks On - Motley Fool

Annual Report for FRK

Summary: Construction. Quarries sand & gravel, processes concrete & cement, currently in short supply world-wide. Has 30yrs of rock reserves and $70mil cash. Still run by its founders, pays 1.7% dividend and earnings have grown 20% annually for past 20yrs.

Concerns: 50% of sales are residential, housing market expected to slow in coming years. Mostly does business in Florida, more risky than more diversified construction companies.

Current price: 53.57
P/E: 21.43
EPS: 2.50
Market cap: 3.51bil
52wk high & low: 67.98 - 36.00
Avg vol: 691k

Not buying yet, but mulling it over...

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