Over the past 25 years, moisture-related problems with floor coverings and coatings have been one of the most frequent, costly, and troublesome problems faced by owners, general contractors, project managers and flooring installers. The problems stem from the inability of conventional concrete mixtures to dry to the moisture level required by the manufacturers of the flooring materials within the time allowed by the project schedule.
Topics: Moisture Mitigation
(U.S. Concrete) Craig Hodges, portfolio manager for the Hodges Fund, talks with The Street about the three stocks he thinks would benefit most under the Trump administration. One of the stocks mentioned is U.S. Concrete, where Hodges attributes part of the positive stock prospectus on the quality of U.S. Concrete's management team.
While much has been made of Trump's plan to invest in domestic infrastructure projects — the U.S.-Mexico border wall, most notably — they are only a small part of what makes the U.S. Concrete stock price so attractive to investors. Hodges mentions that 40 percent of U.S. Concrete's business is located in rapidly growing North Texas, which includes the sprawling Dallas-Fort Worth metroplex.
According to Forbes, the Dallas-Fort Worth area was the second-fastest growing metropolitan area in the country as recently as July. Investors are rightly noticing that real estate and infrastructure projects in Dallas and other parts of North Texas will only continue. Though downtown is seeing renovations and increased growth, the northern areas of the metroplex such as Richardson, Plano, Frisco, Allen and McKinney are becoming bastions for new business and residential projects.
Meanwhile, 25 percent of U.S. Concrete's work is situated in the New Jersey/New York area and another 25 percent is located in Northern California (the San Francisco Bay area). Hodges argues that the company's presence in these markets, in conjunction with potential government infrastructure spending, puts U.S. Concrete in an envious position to grow quickly.
When proper moisture mitigation precautions aren’t taken, or occasionally, even when they are, there’s a good chance your facility’s foundation or flooring could be compromised. There’s a reason concrete moisture mitigation exists on such a massive scale, and it’s because millions of dollars are at risk if excess moisture is left unchecked. We cover some of the early warning signs that, despite all efforts, excess concrete moisture could be an issue.
Topics: Moisture Mitigation
The benefits of fast tracking a project are attractive to say the least. Successful fast track construction gives owners an edge by allowing them to enter a target market sooner, launching immediate revenue streams and a chance to beat potential competitors to the punch. If, and this is an important if, a fast-track project can limit its mistakes so costs don’t match or surpass the savings from an accelerated construction schedule, fast track construction would certainly be worth the trouble.
We’ve previously discussed the benefits of design-build compared to the more traditional design-bid-build construction delivery method. The combination of the contractor and designer as one entity can accelerate projects and make an owner’s life much easier when managing fast track construction. The so-called “progressive” design-build takes the original design-build delivery method even further. In addition to the convenient single point of contact, owners can expect earlier collaboration and a more intuitive pricing approach.
Topics: Rapid-Drying Concrete
(U.S. Concrete) Craig Hodges, Hodges Capital Management, shared U.S. Concrete and JC Penny as two small cap stocks that are worth the investment. U.S. Concrete's stock, Hodges insinuates, is potentially undervalued given the industry and the current state of the market. U.S. Concrete's stock, meanwhile, has been on an uptick since the election of Donald Trump, increasing the chances for widespread government spending on domestic infrastructure projects.
Even through some of the poltical tumult of Trump's first 100 days in office, U.S. Concrete has been labeled as a strong buy by Zacks Investment Research. Much of this has little to do with what has happened in Washington D.C. and much more to do with what areas of the country in which U.S. Concrete has a foothold. One of these areas is the Dallas-Fort Worth metropolitan area, which has deemed the second-fastest growing metropolitan area in the country.
Combined with future move of the Toyota headquarters to Dallas, the construction of a Facebook data center and the booming telecommunications industry presence in the area, it's no surprise that the influx of business is immediately helping U.S. Concrete's business prospects.
According to American Banking News, Zacks Investment Research upgraded U.S. Concrete from "hold" after a strong first quarter performance.
U.S. Concrete CEO Bill Sandbrook visited with CNBC's Squawk on the Street to discuss how a Trump presidency could potentially impact the company. The Trump administration has promised an infrastructure spending initiative that could total as much as $1 trillion. The infrastructure plan would be all-encompassing, including the restructuring of highways and — most notably — airports.
In the interview, Sandbrook said he's optimistic that the government would follow through with the infrastructure plan and that the company could benefit from an influx of government spending. As far as specific projects are concerned, he notes that his business bids to subcontractors, who then bid to contractors for individual projects. Sandbrook also explains that less than 20 percent of U.S. Concrete's revenue derives from infrastruture, and that the company should still thrive on current projects regardless of the developments in Washington D.C.
Talk of the potential border wall between Mexico and the United States has been buzzing in media outlets, but Sandbrook believes that other infrastructure projects will be as or more significant. He also expands on the potential benefits of a more lenient Trump tax policy, which would allow the company to invest in more plants and capital equipment.
You can watch the entire interview here: http://video.cnbc.com/gallery/?video=3000577362
Fast track construction is becoming more commonplace, especially in industries such as retail, healthcare and telecommunications. The shift away from traditional building methods entails involving the general contractor in a project before designs are finalized, and thus considerably condensing the construction timeline. While there are daunting challenges that must be met to execute this correctly and it’s not without risk, there are several benefits of this construction approach.
(U.S. Concrete) U.S. Concrete CEO Bill Sandbrook and WSJ columnist Veronica Dagher discussed how Donald Trump's presidency could potentially fuel the housing market. With a $1 trillion infrastructure plan in discussion, there's reason to believe that the government will place infrastructure spending as a priority.
Sandbrook makes the argument that deregulation spurred by the Trump administration would give a boost to a costly housing market. Daugher adds that a lack of supply has made it difficult for buyers to navigate the market to find affordable options. For all this talk of housing construction, she says, the talk must translate into the creation of actual homes for the supply to begin matching the demand. There is also not, she continues, actual documented policy on the table yet that would indicate a strong move to increase housing inventory to relieve the market.
Nevertheless, Sandbrook remains confident that infrastructure spending is in the cards. He does note that his company has no plans to capitalize on potential infrastructure spending in 2017, but says the company will likely feel the benefits come 2018.
See the video here: http://video.foxbusiness.com/v/5250042161001/?#sp=show-clips
(U.S. Concrete) CNBC's Jim Cramer hosted our CEO, Bill Sandbrook, on his hit show Mad Money. The two discussed the prospect of U.S. Concrete stock (USCR) and why it should be a high-potential buy through the course of the next several years.
One of the many reasons the stock appears like a good investment, according to Cramer and Sandbrook, is the amount of growth in the urban areas where the company does business. U.S. Concrete is, for instance, the primary concrete supplier for the new World Trade Center and is one of Northern California's primary suppliers as shown by the San Fransico 49ers new stadium project. The crown jewel for U.S. Concrete, however, is its presence in North Texas, which takes the largest percentage of business. Dallas has hardly been hit by the significant slump of the oil and gas industry and is one of the fastest-growing metropolitan areas in the country.
Later in the interview, Cramer asks for a prediction of the effect of a Trump presidency. Sandbrook believes the renewed investment in national infrastructure could lead to some high-yield projects over the next 3-4 years. The talk of a $1 trillion infrastructure spending plan has certainly raised eyebrows and has raised them enough for U.S. Concrete to reevaluate their strategy for the potential influx of new projects. That said, U.S. Concrete's strength will still reside in its work in high-growth urban areas with a high barrier-of-entry.
You can view the rest of the video here: http://www.cnbc.com/2016/12/14/trump-just-boosted-up-to-6-years-of-economic-opportunity-us-concrete-ceo-says.html