Thinking of trading EAGLE MATERIALS?
- 1. Sachem Head would like the company to seek buyers for its cement and wallboard units, which have been better performers. The activist further believes that given Eagle's pristine balance sheet, it is well-positioned to use borrowings to fund an expanded share buyback. 2. Eagle Materials management in January was optimistic that after a calendar 2018 that was plagued by one-off items including unusual weather and a shift in the timing of wallboard price increases, calendar 2019 was poised for improvement. Investors seemed intrigued, with the stock up nearly 20% year to date even before word of Sachem Head's potential involvement was made public.
Trading CFDs involves significant risk of loss
How would you like to trade EAGLE MATERIALS?
- Tight spreads & reliable execution
- 70+ pre-installed indicators
- Custom indicators
- 26 time frames
- Live Sentiment data
- Chart trading
- Advanced Take Profit & Stop Loss
- Depth of Market
Trading CFDs involves significant risk of loss
- Vast selection of strategies to copy
- Efficient risk management
- Can start and stop copying at your will
- Flexible allocation of funds
- Detailed performance reports
- Full transparency & access to historical data
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Trading CFDs involves significant risk of loss
For beginners:
- Great choice of available cBots for various trading strategies and risk tolerance levels
- Simple Plug and Play functionality
For advanced traders:
- Ability to create your own cBot or custom indicator
Trading CFDs involves significant risk of loss
Trade EAGLE MATERIALS with Fondex. Our CFD trading platform is engineered to provide you with optimal execution speed while allowing you to access 3 different trading methods on the same interface.
1. New York hedge fund Sachem Head Capital Management has built a 9% stake in Eagle Materials ahead of a push for divestitures, according to a Bloomberg report. Sachem reportedly wants Eagle to consider divesting its frac-sand business, believing that the unit, which is tied to the oil and gas industry, has depressed Eagle's valuation in recent years. 2. The company's priorities will be to make acquisitions that meet its strict return standards, undertake organic investments that strengthen its low-cost positions, and return cash to investors, mainly via share repurchases.
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