Anthony Speciale Stock Market Analyst

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It’s Time To Get Tutored On The Best Infrastructure Pick

Speaker 1 (00:01):

Hi guys, I’m Tim Melvin, and welcome back to a better way to wealth. Well, earlier this week,

Speaker 2 (00:06):

The Senate passed its one and a half trillion in dollar in or watching a $1 trillion infrastructure bill. And I’ve got to pick for you today. That’s going to see an enormous surge in sales and profits. When this bill is

Speaker 1 (00:19):

Slightly passed and funded,

Speaker 2 (00:21):

Now there are some obstacles, okay. This has got to go to the house. Nancy Pelosi is absolutely insistent that she wants to see the entire three and a half trillion dollar package, including

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All of the the other infrastructure

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And soft industry structure projects that have been talked about an eight know increases for home health care workers and all the other stuff that was in the original package of three and a half years. She’s

Speaker 1 (00:48):

Saying if it doesn’t all come to the floor, she’s not going to let any of it come to the floor. Now look, this bill is a huge one

Speaker 2 (00:56):

For president Joe Biden. He needs this to get done. He needs it done sooner,

Speaker 1 (01:01):

Not later. So I think that he will be giving Madam speaker a phone call and perhaps gently suggesting that she bring this bill to the floor so I can get

Speaker 2 (01:12):

Passed and he can sign it. And the funding can begin.

Speaker 1 (01:15):

Now, look, we can argue the politics of this all day,

Speaker 2 (01:18):

All night and into, you know, sometime next week.

Speaker 1 (01:21):

The fact of the matter is we’ve got to figure out how to pay for it, but we needed an infrastructure bill folks. We’ve been talking about infrastructure

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For 20 years or more, and nobody’s made a significant spending. Our roads and bridges are in deep, deep trouble. It’s 43% of all of our nations roads and highways are considered to be in below average or poor condition.

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We have 46,154 bridges on our roadways that are considered structurally deficient,

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But thousands of cars pass over them each and every day.

Speaker 1 (02:03):

Our electric grid was built to last 50 years. Sounds great problem. It was built 75 years ago. It’s way past its. So

Speaker 2 (02:13):

By date the electrical grid

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Needs to be completely redone. The water infrastructure, some of our cities is more than 100 years home. In some examples, we get 

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Insane amount of water, main breaks every day in the United States.

Speaker 1 (02:35):

So our infrastructure is in really poor shape for what is supposed to be one of the, one of, if not the richest nation in the world. It’s almost embarrassing if you drive around and you just look at the world that we live in, you know, roads, bridges, the electrical grid, water systems, all of that,

Speaker 2 (02:55):

Right? It needs to be replaced and it needs to have started yesterday. This Bill’s going to get past something this year, it’s going to get funded and the trillion dollars going to get spent.

Speaker 1 (03:07):

And a lot of that money is going to flow to a company based in New York, but they do business. All of the United States called tutor. Perini the symbol is T U T R. They’re very large contractor. Everything that I’ve just talked about, that needs repair. They work on that stuff. They, you know, the Verrazano bridge,

Speaker 2 (03:25):

The Tappan Zee bridge coming in and out of New York city. They’ve worked on that. The IAT approach to the bay bridge out in San Francisco. They’ve been working on that. They’ve worked on all of the major interstates around the United States. They do mass transit infrastructure, rail railroad projects, again, all over the United States water infrastructure. They build airports, they do electrical projects so

Speaker 1 (03:48):

Everywhere that this money is going to be spent to, to Perrine has a presence and a big presence in all of those markets.

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Stock is trading at just seven times earnings because

Speaker 1 (04:00):

Everybody’s calmed down. We don’t think it’s going to get passed anytime it’s going to get past. There’s also a knock because 

Speaker 2 (04:05):

The gentleman running the company is, is a, my way or the highway kind of guy. And do you get some employee complaints, but that has nothing to do with the flood of money. This company is getting ready to see. Now

Speaker 1 (04:18):

They’ve already got a ton of work coming up. They’ve got a seven and a half billion dollar backlog before a nickel of

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Infrastructure money ever gets spent.

Speaker 1 (04:27):

They just want a 470, the $1 million

Speaker 2 (04:30):

Contract to work on the lax airport connector road out in California. So $220 million contract for the I 70 Missouri river bridge project, that’s ongoing and $152 million courthouse project in California.

Speaker 1 (04:45):

These are all contracts that they’ve just won recently. They’re going to be in the bidding process and in the hunt for just about every dollar of the infrastructure bill, they’re not going to get them all. They’re going to be a part in a big part of a lot of these contracts. Seven times earnings. The stock is just too cheap. Everybody’s been underestimating this for a very long time for the last three quarters in a row. They have surpassed the analyst estimates leaving the wall street analysts scrambling to raise estimates. Raising estimates

Speaker 2 (05:18):

Is generally good for stuff. It’ll bring over time. Some institutional money it’ll apply buying pressure into this next year is the infrastructure money’s coming on. They’re going to blow up assessments. And I think we’re going to see this stock make a massive move in the second half of 2021 and well in to 2022, as the infrastructure built like it or not becomes reality and money starts to get spent. Anyway, guys, I’m Tim Melvin. That’s a better way to wealth. Thanks for watching.