Stephen Simpson, CFA
Long only, growth at reasonable price, value, research analyst

Insteel Looking At Several Ways To Build Share Value

As non-residential construction recovery plays go, Insteel Industries (NASDAQ:IIIN) hasn't done too bad since I last wrote about the stock, with returns about halfway between other plays like cement maker Cemex (NYSE:CX) and Nucor (NYSE:NUE). Looking ahead, residential construction is picking up from low levels and commercial construction activity does seem to be improving. With employment and tax revenue improving in many states, the outlook for infrastructure spending is also getting better. Add to that the possibility of Insteel's welded wire reinforcement (or WWR) products gaining share from rebar and the company's capacity/margin leverage potential, and there's still a bullish argument to make here.

Spending Improving, With Room To Grow

I'd encourage readers interested...

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