Darren Shaw Remain Quotations

Given recent macro and consumer data have been positive, Travis is a great recovery story on a 12-month view. It remains one of our top picks for 2006.

We remain unconvinced that an acquirer would be interested in buying/merging with Hanson, unless the asbestos liabilities were capped in law. We continue to believe that the probability of asbestos reform becoming law in 2006 is extremely thin.