With a decent balance in the money market - discussing other possible investments for TM is a good plan.
I want to bring the company LB Foster (FSTR) to the table for discussion. I was talking with a guy I work with about investments and companies that might stand to gain when the construction industry picks back up and he mentioned LB Foster.
L.B. Foster is a manufacturer, fabricator and distributor of products and services for the rail, construction, energy and utility markets. As you guys are probably well aware, our country's infrastructure is a state of disarray in desperate need of upgrades and repair. This includes bridges, highways, rail, water and sewer. Bridges and highways probably being highest on the priority list (case in point; the bridge collapse in MIN). Obama has also made it pretty clear that improving the country's rail road system is a top priority.
Well it just so happens that railroad and bridge/road construction products are LB Foster's specialty, not to mention a sizable list of other infrastructure related construction products.
I just wanted to bring this to the table to see what your thoughts are on FSTR as a possible investment. These guys are top name in the construction industry and solid company financially from what I have read. This could be a good long term investment which could bring some quality returns as construction picks back up here in the US.
2 comments:
boring!
True - not as exciting as putting our money behind a communist facebook rip-off or gambling on a few miracle drugs from Genzyme....
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