If you buy the bad weather story and difficulty in getting...

If you buy the bad weather story and difficulty in getting equipment, BOL is fundamentally sound and there are probably no nasty surprises ahead.
Mid September the stock hit a low of $2.60 as result of the profit downgrade and and negative view where construction was heading.
CEO Lawrence gave an upbeat forecast Oct 19 and price bounced about 20% to $3.20.
Fears of recession followed as result of the subprime lending fiasco in the US and uncertainity due to Aussie elections and the company's price dropped to $2.38 yesterday.
The DOW is now up 188 pts signalling what could be the beginning of the traditional xmas rally. Also any uncertainity investors may feel as a result of the election and has stopped them from investing may be dispelled on Monday when a winner is descided.
The general feeling out there is that construction is still strong and will underpin earnings for the next couple of years. This is reflect in analyst's targets and an indicative price of $3.40 odd and a possible return of 50% (as well as a divi of 4.6%)
Basically all you have to do then is sit on the divi which is fully franked (maybe worth another 1%) and wait for the return from capital gain to occur.
A true dog of the dow and great pick for any contrarians out there.