Originally Posted by
Beagle
Confidence in the construction sector is waning. Business confidence is waning under the uncertainty of a cabinet with very very little business experience.
FBU also be beaten badly with the "inexperienced left wing coalition" fear stick today.
A good sector to avoid in my opinion. Classic value trap this one and FBU...really with a forecast of just 46 cps, (PE of 10 maximum for a cyclical building company at the peak of the cycle and with inept management) suggesting fair value is a long way short of the current price, holders only have their own stupidity to blame for their losses.
At least with this one trading on a PE of circa 10 holders can blame others if they get a beating from here but who can FBU shareholders blame but themselves for holding a stock with that track record in this environment on a PE of 15 ! Asking for a burning in my opinion.