Morningstar Rating

Stock Research and Analysis

by Andrew Lane

Bulls Say

The Architecture Billings Index, a leading indicator for nonresidential construction, has remained at or above 50 in recent months, indicating that a turnaround is imminent.
The company has been a rumored takeover target for years. An M&A revival with an improved credit market may prompt potential strategic acquirers to take a fresh look.
The company's vertically integrated business model allows for business planning efficiencies and helps mitigate earnings volatility. Read more 

Bears Say

The company's narrow scope of product offerings leaves it highly levered to the recovery of the nonresidential construction markets in the United States.
The firm's global conglomerate structure might be too difficult to manage for a company of its size.
The losses associated with the company's efforts to turn around its Croatian pipe mill signify a recent and sizable impairment of shareholder capital. Read more 

Management

Joe Alvarado took over as CMC’s CEO in September 2011 following the exit of Murray McClean, a CMC veteran who had managed the company’s international division before taking the helm as CEO in 2006. Alvarado has a wealth of experience working in the   Read more 

Profile

Commercial Metals Company operates steel minimills, steel fabrication plants, and metal recycling facilities in the United States and Poland. CMC mainly manufactures rebar   Read more 

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