mgiuliani

Martin Marietta (MLM)

Short
NYSE:MLM   Martin Marietta Materials, Inc
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The company is very well managed and generates a good stream of profits. The total debt reached 2.6B, with a total turnover of 4.8B per year and profits of 720 million dollars per year. With Biden's infrastructure plan, the company will be a major beneficiary, however the share price already fully reflects this possibility. We therefore believe it is appropriate to wait for a retracement before taking long positions.