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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