Re: MDU Resources Announces Plan to Separate Knife River, Creating Two Focused, Independent Publicly Traded Companies
Knife River has a very large part of the road construction/maintenance in my area. Mostly on state roads that connect rural Texas. I have noticed one thing about the company and that is when they are the contractor, the job is completed much quicker than some of the others.
They should be a big beneficiary of the big infrastructure plan money if that actually ever gets distributed.
Let the distribution go forward and a bunch of folks will sell off the spinoff shares. Then let's see where the stock settles. It may be very good buy then.
Birdog