A Powerful Sandy Play

I want to come back to a theme I wrote about last week involving a good infrastructure play that should be buoyed by the destruction caused by Hurricane Sandy. I outlined why I thought Tutor Perini (TPC) was already a cheap stock that should benefit from increased construction demand driven by the storm-recovery efforts. New York Governor Andrew Cuomo says that the storm damage in New York state will be at least $33 billion, and he will likely ask for $30 billion in federal aid to help recover from the disaster. Look for estimates for total storm damages to continue to climb, especially given the extensive destruction in New Jersey. I would not be surprised if the eventual tab for cleaning up and recovering from Sandy tops $100 billion.

One of the core components of the infrastructure that will need repair and modernization is the region's electrical grid system. Quanta Services (PWR) seems ideally positioned to benefit from this effort. It provides specialty-contracting services to the power industry. The company designs, installs and maintains electric power transmission and distribution networks, and substation facilities. It is more of a pure-play bet on the Sandy recovery and the stock has characteristics that should appeal to growth investors....222 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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