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In Hurricane's Aftermath, a Blowout Portfolio

With a clean balance sheet highlighted by low debt, it looks like a good candidate for continued strength as its home state and neighboring areas rebuild. The stock has moved up a lot in recent days, so wait for it to cool off a bit (perhaps to the $45 area), then set a 12-month to 18-month target around $60.

Other interesting local companies in the construction supply business are Hughes Supply (HUG) and timberland owner and forest-products supplier Rayonier (RYN - Get Report). Both are relatively cheap, well-run and worth owning distinct from Florida's woes.

Trucking-logistics company Landstar (LSTR - Get Report) has a national business, but its services are in higher demand as heavy construction products and store resupply needs will ramp up more business in the quarter than analysts or the company have modeled.

Meanwhile, residential community developers Technical Olympic (TOUS) and St. Joe (JOE - Get Report) and thrift BankAtlantic (BBX - Get Report) appear prepared to benefit from the storm-related increase in demand for homes and mortgages.

I'll keep an eye on all of these hurricane-recovery stocks over the next six months and report back on whether the rebuilding effort turned out to be a windfall or a lot of hot air.
Jon D. Markman is publisher of StockTactics Advisor , an independent weekly investment newsletter, as well as senior strategist and portfolio manager at Pinnacle Investment Advisors. At the time of publication, Markman had positions in Florida Rock, BankAtlantic and Landstar. While he cannot provide personalized investment advice or recommendations, he welcomes column critiques and comments at jon.markman@gmail.com ; please write COMMENT in the subject line.
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