USCR - US Concrete, Inc. - Page 11

First we're talking about nuts, then we talk about breasts? Goodness...

OK..so i read a few places RMIX is a strong buy...then I buy at 1.00 and it freakin plummets???? What's the deal? Any input?

Timing, my dear--at .87 cents a week ago, it WAS a strong buy.

ok...so holding at a buck...good thing or better to cut losses on this one?...just looking for opinions.

You can always average down. If you do, don't keep buying on the way down, wait for it to bottom out first. It's cheaper and more profitable that way. Plus then you won't need as big of a move up in order to break even, or make a profit, whichever is your goal.

I get it...now the tough part is finding that bottom.....thanks No Job!

After it's big fall in early November, the bottom was established around .65 - .66. I would definitely watch to see if it breaks through that support, and goes lower yet, or holds and starts coming back up from there.

Thanks Curt.

You're welcome.

On the other part of your question about taking your loss. I don't know how many shares you bought, so I don't know how substantial your loss is right now at .14 down.

There's always the possibility that this will stay down for a while, and you'll be tying up your trading funds for that amount of time. There's always the chance it doesn't even come back. This company took a big hit for a reason.

rmix is going back to .70-.63

i would sell now and buy back under .70

thanks

I held a while and picked up a few cents on the rise, not a bad day, not sure what drove it up...

a little less painful on the sell tomorrow...if I sell...what do you think?

still dump it??

Watching to see if this is the bottom. .79

Hey guys! Lopsided Breasts forming~! LOL...looking to reenter possibly before 2010

Sho nuff!

Thinking this is heading back to the .70's, if it finds support there again, I will buy some shares and flip it again!! :o)

I see a vaginal formation forming

I'm trying to catch a falling knife here. In at .73. Earnings released PM 3.04.10.

We'll see if I'm still in by then.

U.S. Concrete to Explore Alternatives to Improve Capital Structure
- Engages advisors and amends Senior Credit Facility
Feb. 19, 2010 (PR Newswire) -- U.S. Concrete to Explore Alternatives to Improve Capital Structure

HOUSTON -- U.S. Concrete, Inc. (Nasdaq: RMIX) today announced that it has engaged Lazard Freres & Co. LLC and AlixPartners as its financial advisors, and Kirkland & Ellis LLP as its legal advisor, to assist the Company in assessing potential alternatives to strengthen its balance sheet. These alternatives include addressing the Company's 8 3/8% senior subordinated notes due April 1, 2014.

U.S. Concrete also announced that it has entered into an amendment of its senior credit facility to, among other items, temporarily lower the springing fixed-charge coverage ratio availability trigger from $25 million to $20 million to provide the Company an additional $5.0 million in short-term liquidity until April 30, 2010. The Company also received a waiver through April 30, 2010 regarding a default for any non-payment of the interest payment on the senior subordinated notes due April 1, 2010. The full amendment will be attached as an exhibit to the Company's Form 8-K, which will be filed shortly.

"We believe that engaging in discussions with our bondholders to improve our capital structure and provide financial flexibility is in the best interest of the Company and its constituents," said Michael W. Harlan, U.S. Concrete's President and Chief Executive Officer. "As we have previously disclosed, we continue to face economic headwinds which, combined with the recent inclement weather we have experienced in each of our markets, has placed added pressure on our liquidity. We believe the amendment of our senior credit facility provides us with additional access to liquidity to continue to provide quality service and products to our customers throughout this process."

About U.S. Concrete

U.S. Concrete services the construction industry in several major markets in the United States through its two business segments: ready-mixed concrete and concrete-related products; and precast concrete. The Company has 125 fixed and 11 portable ready-mixed concrete plants, seven precast concrete plants and seven producing aggregates facilities. During 2008 (including acquired volumes), these plant facilities produced approximately 6.3 million cubic yards of ready-mixed concrete and 3.5 million tons of aggregates. For more information on U.S. Concrete, visit www.us-concrete.com.