John Leonard, CFA
Special situations, micro-cap, contrarian, CFA

United States Lime & Minerals Should Benefit From Growing Infrastructure Spending

United States Lime & Minerals (NASDAQ:USLM) is undervalued relative to its peer group, continues to reduce its share count and is positioned to benefit from increased domestic infrastructure spending. The significant insider ownership reduces the float and provides a long-term source of stability. As with SL Industries (NYSEMKT:SLI), the lack of analyst coverage provides an excellent way for investors to capture alpha by considering less visible names.

Company overview

USLM is a manufacturer of lime and limestone products.

USLM operates solely in the U.S. through two business segments:

Lime and limestone. Below are the key limestone assets:

Texas Lime (located near Cleburne, Texas) operates a quarry containing known high-quality limestone reserves. The reserves include ~25...

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