As inhabitants of the Lone Star state are fond of telling people, everything is bigger in Texas.
Tip style
Value
Risk rating
Low
Timescale
Medium Term
Bull points
- Strong record of profit and cash growth
- Excellent buyer and seller of bolt-ons
- Focus on higher-margin US arm
- Reasonably priced
Bear points
- Political risks to projects
- Some subdued end markets
This is also true of Irish building materials supplier CRH (CRH), which last week announced a $2.1bn (£1.7bn) deal to buy a cement factory, 20 ready-mixed concrete plants and a network of Gulf coast terminals from Martin Marietta Materials (US: MLM).