high growth rinker trendline holding RIN .... The robust uptrend for high growth ASX listed construction and building materials company Rinker, with operations focussed mainly in Arizona, and storm ravaged Florida, USA, where billions are being spent on multiple hurricaine repairs continues to look good and is holding above $10 now..
Graphics issued by Rinker this week show it equalling or outperforming all well known US competitors.
This is an excellent gain over 19-20 months, more than doubling the price from the circa $4.58 lowpoint, since it was spun off roughly 20 mths ago. Projected growth rates in Florida, and the Southern USA were revised upward recently, as was EPS estimates.
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rinker jump on half year results, page-8
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