A CEO who voted for Donald Trump is confident that the president will get his big infrastructure plan through Congress.
But he said Wall Street might be just a little too giddy.
Bill Sandbrook, the head of U.S. Concrete (
"Investors are underestimating the complexity of getting deals done. There are a lot of steps between saying it and doing it," Sandbrook said. "Things take a while. Shovel ready doesn't mean it gets done immediately. People need to be more realistic."
This is the third time CNNMoney has spoken with Sandbrook since the election. Trump's win has given the company's stock a significant boost, largely due to hopes that increased spending on roads and bridges will lead to a spike in demand for concrete.
On Election Day, shares of U.S. Concrete closed at just under $49. One week later, when CNNMoney first interviewed Sandbrook, the stock was trading at $56.25. By the time we spoke to Sandbrook again in mid-December, the stock was trading at about $65.
Shares hit an all-time high above $70 earlier this week after...