Always searching for value, I like to consider beaten up stocks as mid to long term investments.
Granite Construction, Inc. (GVA) appears to be promising adequate returns in the coming months.
GVA with its subsidiaries, operates as a heavy civil contractor and a construction materials producer for public and private sector clients in the U. S. Some of its projects include construction and improvement of streets, roads, highways, and bridges.
GVA is selling today at about 33.10, 55.6% below its 52 week high; an average daily volume of 888,000 shares, a P/E of 12, insider buying over the last 6 weeks, and may be ready to break above the 50 day moving average (now at 34).
Time to focus on companies that would benefit from an infrastructure upgrade surge which many states, cities and municipalities are in dire need.