Heading back to six dollars?, page-2

I am a long term holder and have seen this stock plum lows of around $1 during the GFC but have held on and bought back in over time. Note also that the current SP is close to all time high, going back to 1982!!

Where to from here? My fundamental view is that the business is sound, market for its products is strong and no evidence of construction boom ending any time soon. Morningstar however see the stock overvalued by some 15% and see fair value at $4.80. However, I like the fact that their business demand is forecast to grow over coming years and their margins are at about 18%. Barring another GFC, heaven forbid!, I will stay hold on this (I have around 43,000 shares at present). If the stock falls back to $4 or so will likely pick up more.

Therefore, will it get back to $6?? Absolutely, with good conditions existing and the attraction of great balance sheet and maintainable fully franked dividend. Good luck with your investing.DYOR