TPC: Perini (PCR) - a building block for your portfolio

Based in Mass., this small but solid (just over $1 billion market cap)company is a conservative way to play the EVENTUAL easing of construction/ recession worries in America. The company provides design-build, construction management, and general contracting services to governments and private industries. Lower tax revenues will result in budget cutbacks by governments, but companies are sitting on lots of cash and with this stock 49% off it's 52-week high, pre-tax earnings yield over 20% and pre-tax return on capital over 100%, these boring-but-good guys should be a 'building-block' on the long side of your portfolio.