i think the construction industry has received a boost of good news today, with the world bank approving a $3,5bn loan to Eskom. Power accounts for something like 30% of their pipeline, so that is good news. I believe that construction is the sector to be getting into now, as it is starting to turn. M&R is trading on a PE of around 8, which is at the higher end of the construction index, and it is not really coming off a low base either - since it has really only reported 1 interim bad result. it is the construction company with the highest debt, and has a lot of Dubai exposure - so it is not my preferred one, but then it seems to be a market flavour of the week. As for when to sell, well that is always the hardest question in investing, trading - knowing when a stock is cheap is easy - knowing when it is overvalued is a lot lot lot harder!!