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Margins in construction are unsustainably low, thats why so much debt for the big companies. Galli price has collapsed mainly because of Carrillion effect and others now struggling with debt plus their own past poor judgement in construction division but with their relatively low debt and no large pension surplus plus other divisions doing well, if they keep their discipline, they are well placed to take advantage of an increase in margins. Thats why im happy to hold and would be buying more at this price if i had the funds. Just my opinion and time will tell wether im right or horribly wrong.
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