RIN rinker group limited

$18.18 third strong day in this area, page-13

  1. 9,081 Posts.
    for rin followers I extracted this from Fig Jam's post today as it gives further info. re. RIN's strong rise:

    "Around the Traps ... with THE FERRET
    08:09, Friday, 17 March 2006

    Sydney - Friday - March 17: (RWE Australian Business News) -
    ***************************

    You have to be quick.

    A BUY recommendation for RINKER (RIN) arrived from Bell Potter
    on Wednesday morning at $18.10.

    By the time we looked it up yesterday it was already "too late".

    The shares were up 68c to $19 and had been up to a record
    $19.08.

    Actually, it's never "too late" in this hot market.

    Except for the hapless TELSTRA, buying just keeps coming in new
    waves for leading stocks.

    It's been that way for Rinker since prices were below $11 this
    time last year.

    Bell Potter says the stock remains cheap compared with its US
    peer group at a 7 per cent discount.

    It expects EPS growth around 40 per cent this year with further,
    albeit slower, growth in 2007.
 
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