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Getting Stoned On Vulcan Materials (VMC), Southeastern Asset Management

|Includes: CHK, MLM, TXI, Vulcan Materials Company (VMC)

In late January, Southeastern Asset Management announced that it has further downsized its Vulcan Materials (NYSE:VMC) position by 16%. Southeastern now owns 8.26 million shares, or 6.4%, of Vulcan. This is a big change from Southeastern's third quarter investing thesis, where the firm had Vulcan as its fifteenth largest 13F holding and owned over 12.1 million shares (read more about it here). It appears that Southeastern is betting against Vulcan based on both industry concerns and over-valuation.

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