I thought their last results were very ordinary and were dependent on the property development division to meet targets. I doubt this business is very overly well run, so think an exit might be wise at the first signs of construction slowing. The property division adds the potential for a double whammy, as this section has been outperforming expectations due to booming conditions.
If there is a slowing in construction that appears on the horizon, I suspect this will be smashed, and fall under $3. But good stuff to all who have been on this trend. Just doesn't seem to be a bottom drawer stock to hold forever.
I was thinking about shorting it - but probably madness to do so right now, with rates just cut recently.
ABC Price at posting:
$5.45 Sentiment: Buy Disclosure: Held