In my opinion price to book for this company means nothing. The earnings and relative growth of earnings and revenues are the best measures. To me it won't be cheap until it trades at deep discount to book or earnings appear stronger. I follow FLL which has a book value of $4 per share and is trading at $1.39 or around 35% of book. A true deep discount to book but the problem with both stocks is the power of the earnings or lack of earnings power. Its yet to be determined how this year will be for GV but I think it has a lot more downside than upside. I hope gv does great for all the longs but my guess is much lower share price by years end. My guess is it will drift slightly lower up until earnings release then drop much more. Maybe there's something I'm missing but I've been 100% correct in last 12 months on gv. Hope I'm wrong for the longs. I have no position in gv now. Have a nice day.
Thanks for the feed back, I appreciate it! I sometimes feel like I'm talking to myself on this message board, so its good to know other shareholders read this what I write. I pretty much agree with what you say as well. Thanks!
Hey FDM, like your posts. I am a long GV-- into it for around 50k. I , personally am not sweating where this stock/company is going. All the fundamentals scream Kaching--Kaching!! With the Ceo's 1.7+ ML shares valued around 7 ML less today from the $5.6+ a sh, He is going to work his #$%$ off to get shares up there for his departure/retirement.!! Mark my word, his incentive makes my 50k secure:). Keep up the great posts FDM.
Usually when a company has a decline in earnings in the 80%+ range, its going under. That's clearly not the case here. Debt is sustainable, and revenues are growing. Milestone is 100 million in revenues this year. Lets see what happens.
I hope to see improvement well ahead of next years proxy.
What makes this a cult stock? Its in a rather mundane field of T&D construction, in an even broader & more confusing Industry category. It has ZERO analyst coverage, and its a microcap. I wouldn't define it as 'cult' as much as I would define it as low-interest stock.
Not only that the Book Value is absurd at 1.23 or approx. 30 million. Market Cap of 40 million is a joke as well, as is enterprise value.
The reason this is trading as another absurd figure is the 81.3% quarterly earnings DECLINE (yoy) post STEC.
That in the same time that CEO is rolling revenues back into business for growth paints a bad picture at face value. Only after examination of internals does one get a different picture.....and no ones bothering to look, particularly fund managers. The market has been so good, why bother with risk?
The CEO needs to change this perception. What may occur in the meantime, if share price doesn't appreciate and low ball offers are made, is acquisition(s) attempt may become hostile and company reinstates poisen pill. Even though a buyer would pay a large premium over street price, unless the price of shares improve, offers will still come in way too low.
Its not a good position for this company to be in, and its been hell for the shareholders.
Imagine a $4 drop from 5.50 down to the $1.50s........a tremendous loss of capital, market cap, etc.
One can argue that the price shouldn't have been 5.50 but conversely, one can argue that 1.50 is as absurd in the other direction.
In the final analysis........the buck stops at the desk of the CEO.
I see company CEOs and spokeperson's all the time on CNBC, FBN, and Bloomberg.....telling the company story and promoting investment in the company.
This company has been run like a sole proprietorship for all of its recent history. It needs to change. Now is the time. The shareholders have pretty much never benefited, while mgmt. is rewarded nicely.
I'm willing to hold on to see the benefits of the C&C acquisition, and the MSA's bear fruit, but if that doesn't happen then I will vote accordingly and would urge all shareholders to do the same. I'm sure Boston Avenue Capital would like to take profit on its investment as well.....
GV's weakness has been amazing! 9 straight days down. Once current support breaks it will head to $1.52 quickly. Perhaps a bounce or two along the way, but I don't know with all the negatives in the chart. Setting up nicely for the Q2 report which I expect to cause another cliff dive. Good luck!
Yes, they may be to replace due to some moving to other areas of the company as well.
Yep several new job postings yesterday. Great news! Just picked up some more shares. Crazy that people are giving them away in the $1.50's!!
wow...i dont really follow that much in the details any more, but still own quite a bit. I bought a 1000 today "just because"...MAybe I will hit the lotto. heh...now onto other trading but hopefully this thing will get good news in the next couple of yrs
At least some of the openings in TX and FL are to replace employees who have moved on, don't you think? Businesses don't just add employees, they also must replace. In the new areas, I'm sure these are new positions. Good luck!
8 out of the 16 job openings are in Bastrop TX. This tells us that the work in TX wasn't a one time deal. The company didn't just rent a garage-they bought a facility, which shows the long term intent.
Three openings are in Indiana. That shows (intent of) expanded geographic footprint.
Five at SEP in Titusville, reflects expanding business in Florida.
This all bodes well for the company.
If we were hearing of layoffs, rather than aggressive hiring.........I'd be worried.
Yes, I'm holding, and if the price performs worse I will be increasing my position. I'm not selling when the share price does not properly reflect the earnings potential. I can't understand why it has moved south either-but objectively I think any potential investor glances at Yahoo Finance 'key statistics' and sees 81.3% drop in quarterly earnings growth (year over year) they immediately thing its a junk penny stock. They may not do any further DD, and go on to the next stock...skipping over this one.
Technically, the long term chart shows a pop & drop.......with several years in between and that pattern has repeated itself and no reason to believe 'this time is different'.
I do believe this time is different, for all the reasons I've stated since posting here, but to reiterate the key point-this company is finally focused on building the T&D business into an over 100 million revenue (short term) Grid construction company with longer term revenue target 250 million. The purchase of C&C was to build substations in order to provide single source substation to substation construction to utility companies. The focus on MSA's is to build a base of recurring revenues without taking on undue risk to expand the revenue base. While margins are lower, risk of contract losses is also lower. I think the company will be opportunistic about bidding on large contracts, that is to say: If they aren't going to make a lot of money-don't take the risk, and this also depends greatly on having the available staff to do the work.
Now is not the time to leave.....its the time to stay. Everyday this seems to be down a penny or so, and since the high those pennies add up to four dollars. Its painful to shareholders, including myself. When this interest does come back to this stock on good results, I will have more shares than I do today, not less.