I think the SA construction industry is on the verge of a rebound!
My investment practices generally follow that of the legendary Warren Buffet, who often says (and I paraphrase): “Go boldly in there, when everybody screams RUN!” Equally I say “Stock up whilst the listing is cheap”.
With most of the construction “listeds’” at significant lows (talking both returns and share prices) I am thinking the curve is about to take a different shape,
This is why ……
If you engage most equity analysts on construction companies you will find it very difficult to determine the direction of the industry. Read the rest of this entry »