I'll put this out there because I've been enjoying the benefits of some great insight on this thread the past few weeks and want to contribute something.
This is less a deep discount alert but more a "looking ahead" alert (in the same vein as a few earlier posts on off-shore oil storage...that idea may be right, may be wrong, but I'm a big fan of investing in trends you believe will prove true).
The notion of an "infrastructure" program from the US government has been on the flagpole and blowing in the breeze for years but has never gained enough traction to come true. I have no idea whether it will or not, but I do believe two things: (1) it is needed at some point and can't be put off forever, and (2) the current environment makes it more likely to occur for a number of reasons.
IF an infrastructure package passes in the next year, consider these names as likely significant beneficiaries over the life of the project (potentially 10 years):
Caterpillar (CAT) - Heavy equipment - Well known and discussed here frequently the past few weeks.
Nucor (NUE) - Steel - Solid company and trading around 60% of prior value.
Vulcan (VMC) - Concrete - Major producer and trading at a reasonable discount (if we can still use words like that).
Daseke (DSKE) - Transportation - Flatbed/specialized transport including large equipment, concrete, steel girders, etc. - Most volatile stock on this list.
Arcosa (ACA) - Energy/Transportation/Construction - Late 2018 spin-off of Trinity Industries. Least discount of any on this list due to its clean (new) balance sheet. Company had $107M of debt at 12/31/19 against $240M cash and $239M in EBITDA. But a reasonable buy if you believe in the infrastructure project.
CytoDyn (CYDY) - Vibranium Rainbows - Currently testing leronlimab as an indestructible material enhancer that will double the load-limit on bridges and seal paved highways against all manner of weather for eternity.
Your mileage may vary.
Thanks for all the insight, gents. I'm normally the definition of a passive investor and had been heavy in cash for way too long. The past few weeks have been a fun ride. Keep up the great work!