Companies / ROAD
NASDAQConstruction Partners (ROAD) in our theses
Construction Partners appears in one of our theses. Below is why it entered the basket and how it has done since publication.
The Venezuela oil deal moves asphalt before it moves gasoline, and the windfall lands with America's road builders
Venezuela's asphalt-grade barrels returning to US refiners loosen a structurally short binder market, cutting the biggest input cost in road paving.
Why this company: The purest listed hot mix asphalt platform in the US, vertically integrated across the Southeast and Texas. Liquid asphalt cement is its largest material input, so binder relief drops almost directly into gross margin.
Where these numbers come from
The reference price is recorded on the thesis publication date and never changed afterwards. The current price is refreshed several times a day. Returns are in the listing currency and exclude dividends, so for dividend payers the real total return was somewhat higher.
This is not a recommendation to buy or sell. A company enters a basket as a beneficiary of the mechanism described in the thesis, and the full argument is on each thesis page.
See all of our theses
Each with a publication date, a causal map and a score assigned before the market ruled.
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