That's one solution, depends if you think that's best use for your investment money. I'm still more of a hold on BLD right now, waiting to see how KS turns the company around before I'd consider buying more of this vs other opportunities, but that's a personal decision for each of us to make.
I think there's opportunity for BLD to improve, but need more clarity before I can value that. The US Fly ash is one value (~US$1-1.25B from media reports) and then how to unlock value from their land bank (i.e. keep selling old quarries as tips or to development, or is a REIT sale and lease back an opportunity???) . But really I want to see Kerry aggressively strip out unnecessary cost. Last 2 years BLD's SG&A has been 95% of revenue, vs longer term of 91% and I'd want them to do better still to make this a sustainable company, combine that with reduced interest expenses could do more for the share price of a stripped down BLD then anything else. If KS can do that right together with good capital management then I'll be interested.
BLD Price at posting:
$6.50 Sentiment: Hold Disclosure: Held
