Fly Like an Eagle… ‘Til the Hunter Takes Aim. (EXP)

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 6^th to downgrade its rating on the stock from NEUTRAL to UNDERWEIGHT.

So sixties…!

Anyway, the fundamentals on the company are also no hell.

Have a look—

• P/E is 15.21, while…
• The Dividend Yield is a measly 0.53%.
• Price to Book is a taxidermically stuffed 5.71, while…
• Debt to Equity is equally bloated at 0.92.
• And to cap it off, insiders dumped 48.78% of their holdings in the last six months.
• Q1 Earnings will be announced TOMORROW.

So the suspense will be of a limited duration.

Now, the chart—

May His home be rebuilt speedily, in our days!

Many happy returns,

Matt McAbby

Follow @HughLOHaynew