Good morning Stoney. You used a shovel!? lol. Well that reminded me of a stock, I'll get to that in a second.
Anyway, in keeping with our infrastructure spending thesis, your shovel story reminded of one I have played on and off over the years but haven't looked at lately.
$URI
United Rentals. They rent everything and always do well when the economy is on the move. Any infrastructure bill will move the stock. I just looked, its almost $160. I think the last time I traded it it was around $116. Go figure huh.
Remember when I was telling you about fragmented sectors where a big player scoops up all the mom and pops like Grow Gen is doing? $URI did that with equipment rental to a great degree over the years. It was a fragmented business with lots of local players that were already established. They'd go in and buy em out.
That sand and gravel you got, it probably came out of one of Vulcan's quarries. Or Martin Marietta's. Good to see you're doing your part. Instead of a shovel next time though, just go rent a mini-hoe from URI for $500. Do it on Friday night and you get the one day rate for the whole weekend. While it may seem intimidating to run, its really not. Let your son do it lol, its like a video game. He'll have it wired in about 30 minutes and you'll have nice neat trenches with no back-ache.