This infrastructure company’s stock was also recently recommended by simplywallstreet.com, due to its strong fundamentals, growth potential, and undervaluation.
Granite Construction Incorporated (GVA)
From PAD System Report
Granite Construction Incorporated (GVA) took a big tumble after the elections last November, when it became clear that it was unlikely the embattled president could agree on anything with the Democratic House.
But even without a big budget-busting infrastructure program, the US (and the world) have an enormous backlog of repairs needed for our bridges, roads, ports, airports, water systems, etc. Some of this spending will get done, and GVA will benefit.
The stock has recovered from its December low, but with poor fourth quarter earnings, the stock may be held back until midyear, when Value Line projects a major recovery in profitability. The stock is ranked “4” for year-ahead performance, which is a minus, but this ranking will improve when EPS turns around.
Daniel A. Seiver, PAD System Report, www.padsystemreport.com, Dept. of Finance, S.D.S.U, San Diego, CA 92181, March 1, 2019