Cash in on the rebuilding boom

Governments are allocating billions of dollars for the repair, renovation, and construction of bridges, roads, mass transit systems, and power grids. Here's a look at four promising infrastructure stocks.

Wesco
Finally, infrastructure investors may want to look at Wesco (WCC, $48), the nation's leading electrical supplies and equipment distributor. In this highly fragmented market, Wesco and its top three competitors account for only 20% of all sales, but Wesco's aggressive acquisition strategy (29 deals since 1995) has made it the only national player. It has a solid balance sheet and plans to continue buying up smaller rivals.

Because Wesco deals in building supplies, its stock was hammered amid the general worries about the housing slump. But it has limited exposure to the weak residential market.

"They distribute mainly to utilities, governments, and industrial companies - end markets that are still very attractive," says Kent Croft, president of investment firm Croft Leominster, which owns about 117,000 shares. The stock looks cheap, trading at just eight times next year's estimated earnings. Analysts surveyed by Capital IQ say that on average the company will increase earnings by 14% and revenue by 7% annually over the next three years.
Granite Construction General Cable Greenbrier Wesco
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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.