Trump just boosted up to 6 years of economic opportunity, US Concrete CEO says

via Abigail Stevenson, CNBC

At one point, U.S. Concrete CEO Bill Sandbrook thought the economy was in the middle endings of its last cycle.

Now that President-elect Donald Trump will step into the White house, however, he’s changing his tune.

“Now what we are planning on is an extension of that. So, maybe we had a 2 or 3 year runway. Now we are looking at 3, 4, 5, 6 years of improved economic opportunities,” Sandbrook told “Mad Money” host Jim Cramer on Wednesday.

U.S. Concrete is a major producer of concrete for commercial construction, residential construction and infrastructure building. The stock has rallied 30 percent since the election, as it is expected to be a large beneficiary to Trump’s infrastructure agenda.

“The infrastructure plan that was in his platform of $1 trillion, we will see how much of that comes to pass,” Sandbrook said about Trump.

“Combine that with very favorable corporate tax rates and a favorable regulatory environment with an economy that was doing really well for us before, we have a lot of wind in our sails at this point,” he added.

What differentiates U.S. Concrete from the competition is that it is willing to operate in environments where no one else wants to operate in, such as New York City, which is known for traffic and congestion.

However, Sandbrook says this is good news for shareholders of his stock.

“You can make more than good money because you have a compelling service and delivery model that no one else can replicate, and therefore you can get a premium on that for the shareholders.”

While Sandbrook did not speculate on whether Trump will fulfill his promise to build a wall between the United States and Mexico and have Mexico pay for it, he did say the company is ready to take advantage of any opportunity.

“If an opportunity arises, we’ll be competitive,” he said.

CNBC

YTEXAS

Author YTEXAS

More posts by YTEXAS