Readers of The Armchair Trader will know I like makers of construction materials. There is something solid and reliable about them, especially when companies have been in business for decades, and managed by the same family. It's not the sort of business you expect to find on NASDAQ, but in this case I found one.
The construction industry has had to evolve to meet the demand for modular building techniques. Made in a factory, pre-cast concrete structures can be delivered just in time or staged near to a construction site. They eliminate the need to assemble forms or pour concrete on-site. This dramatically reduces labour, construction waste and noise pollution. It is also greener.
This company has been in business since 1960 and follows what it calls a 'lean manufacturing' system, that is using factory-based manufacturing systems first devised by Toyota. Its stock is up over 70% in the last six months, which also caught my interest. Over 12 months it is up 86%. The shares are close to a five year high, and have picked up a lot of volatility since the pandemic.
Want the full story? Access all of The Armchair Trader's content for just £5.99 per month.
Get weekly investment ideas and tips that will take your investing to the next level. Sign up here.
Free 28 day trial. Cancel anytime.
Log In or Sign Up to Armchair Trader+Already a member? Log in here:
Not a member? Sign up now or see the membership benefits
Further content of this article is not available as it is for members only. Please visit the registration page for Armchair Trader Plus+ for further details on the benefits of becoming a member.
