I think commercial construction is right at the bottom of a pretty patchy period. Tenders for new jobs are on the rise and market players are not pricing as if the world is about to end. I believe margins in all construction projects will improve going forward. I believe all sub-contractors have been treading water the past year. Booking work to stay alive and not margin driven. This will change going forward. I think this because it is the field I operate in and are experiencing this first hand. For these sort of companies I think there may still be a few set backs with current projects but all new contracts going forward should have plenty of meat on them. Suck it in and in 6 - 9 months we may see a lot better results.
DYOR
STS Price at posting:
75.0¢ Sentiment: Hold Disclosure: Held
