Did you see the budget last night?
Some tax increases, some fees on banks, a plan to balance the budget (all ok or good but hoh hum for investors) .... and....
A nation-building infrastructure program!
..with big bucks for RAIL
..with funding second Sydney airport
..with funds for roads
So which sector of the economy will benefit from this? ...infrastructure construction and maintenance
And what listed company is a leader in this sector? ...Downer
Budget is a big UPPER for Downer - just watch to see how many brokers get positive on Downer.
GLTH - I wish I had more
Did you see the budget last night? Some tax increases, some fees...
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