Money Investor
Long/short equity

Texas Industries: The Stock Has Rebounded But Will Growth Follow?

Texas Industries (NYSE:TXI) is a supplier of heavy construction materials in the southwestern United States. Busines segments include cement, aggregates, and consumer products. The two largest markets that the company serves are Texas and California. TXI was hit hard during the economic downturn on two fronts. The downturn in housing indirectly affected the company, even though the bulk of its revenue is not tied to housing in the way a homebuilder or homebuilding products company would be. The bigger impact to business for TXI came from a tightening of the purse string by state governments, which control the infrastructure spending dollars for new roads and other state funded construction projects. In what would turn out to be an...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details