Texas Industries, Inc.
TXI
position
long
Preston Athey
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
Without specific price performance data or a clear timeline for the thesis to play out, it's difficult to assess whether the investment thesis has been validated or invalidated. The potential for recovery in housing and road-building cycles remains a possibility, but without concrete evidence of performance or time elapsed, the outcome is uncertain.
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