Posted on July 26, 2023
We’re coming at you early today because of the Tisha B’Av fast tomorrow.
And it’s just as well, because today’s underlying, Eagle Materials Inc. (NYSE:EXP), is flying through our sights at this very moment, and it would be a mistake not to pull the trigger forthwith.
The bet, by the way, offers a potential take of 3233% in a very reasonable time frame.
Another reason not to flit about.
EXP manufactures and sells “heavy construction materials” across the U.S.—you know, things like cement, gravel, sheetrock and paper board.
But the stock has gotten way ahead of itself in the last several months and even JP Morgan decided it’s had enough.
That Wall Street heart-throb decided on July 6th to downgrade its rating on the stock from NEUTRAL to UNDERWEIGHT.
Anyway, the fundamentals on the company are also no hell.
Have a look—
So the suspense will be of a limited duration.
Many happy returns,