• Everybody Trades

Closing a loser, US Concrete

Updated: Sep 26, 2018

OK, enough with #USCR. I can't take it anymore. The stock had some recent Hurricane Florence-related buying that seemed spurious, and in retrospect, I should have sold at $54. USCR still would have been a big loser for me, but $5 a share is $5 a share.

What's the long-term lesson? Don't ever count on Congress passing real infrastructure bills that repair previously built infrastructure projects. Their ability to kick the can down the road is seemingly infinite.

Price: $49.10

Loss: 32.3%

© 2018 by John Miller, Everybody Trades. 



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