Martin Marietta Materials (MLM) is the second biggest producer of construction aggregates in the USA and has been severely hit by the abrupt downturn of the US construction market because of the Great Recession. However as the economy continues to grow and the construction market recovers, the company is bound to see its sales and profits more than double over the next years. Fortunately the company is trading close to its fair value and any significant correction could provide a good entry point for long-term investors.
Producing and selling construction aggregates is a simple business. The company extracts the materials through drilling and blasting rock, then loads and hauls it using excavators and trucks, and finally...
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