Texas Industries, Inc.
Thesis
Texas Industries is a cement producer that was considered risky but has potential for recovery in the housing and road-building cycles. The investor sees a likelihood of a double in three years based on historical performance and future earnings potential.
Did it work?
inconclusive
confidence: low
The pitch is a long bet on Texas Industries doubling within three years via a housing and road-building recovery, but no price performance data is available and the time elapsed since the pitch is unknown. Without either the return or confirmation that the housing/infrastructure recovery thesis played out, there is no basis to judge success or failure. The verdict remains open pending price or fundamental evidence.