BLD seems like a play if you're willing to wait another 2 odd years. I don't think its going to see an uptick for some time. Housing and infrastructure would have to get LIT in order to see a genuine change of sentiments.
Its rise into the 5's was off the back of the housing market prices returning to what they were before and now its all smashed with this virus. But the market did turn today and viciously turn from its lows back up above 5000.
Is the bottom in? Probably not yet.
Can anybody comment as to the solvency of BLD? About the only thing that gives me some confidence to buy int he 2's is the fact that.....well BLD has never gone out of business not ever. Even during the GFC.
They've been going doing their thing since listing and I don't see why thats miraculously going to change. If BLD went out of business then why not CSR or all their other competitors too?
Long story short. The business is under intense stress but its not going to evaporate. Now seems like a very astute time to buy soon. But still curious to hear from somebody more analytical than I am about BLD's book to price ratio/cash reserves and all that.
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