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I'm amazed at the sheepishness of "professional" analysts. Maybe I missed it, but I've just completed a scan of the call and NOT ONE analyst asked any questions about VMC's debt decisions. Issuing new debt at much higher rates than the debt they are paying off while keeping the dividend. Any covenant issues looming? Why do analysts matter to anyone?
May 13 10:55 am
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All Comments by William Kabourek »Vulcan Materials Company Q1 2009 Earnings Call Transcript [View article]