There were three problems that I'm aware of on the Bakersfield to Big Hill Line, I'll speak of two: GV subcontracted out foundations, and scheduling. Foundation subcontractor put GV behind from the start, so they had a hard time meeting the deadline. It sounds like Maslonka was brought in as additional manpower, to meet the scheduled completion date.
I think its a mischaracterization to say Maslonka was brought in to finish project.
Reputation is more important than margin, and is how respect in the industry is earned!
up from 03-15-1014 S/I of 158,816 reported 2 weeks ago...
Explains the two resident paid bashers hepititus and fukkkkkedup
Please keep shorting this.....we want a tightly coiled spring when contract news is announced! Thanks.
You all can check my prior posts on GV. I have been mostly accurate to date. Notice I said mostly accurate, not 100%. This is a stock folks. And thinnly traded at that. $2-$2.05 is simply the next line of support, however I failed to see that $2.11 is support on the weekly. Without a positive PR, this will continue to be walked down, especially if the market trend continues down. That said, anyone with $50k to trade can manipulate this up to $2.40 if they want to, and then sell at your expense. Good luck!
I was searching the internet tonight and got on the Pend Oreille County, WA GIS (moving to the county soon). I found that someone owned property on in island in a lake within the county. So I dug a little deeper and found that it is Brock Maslonka (no idea who this was). Naturally curious, I googled to see what he does. Interestingly, he owns Maslonka Powerline (google it) based out of Spokane, WA. So I pulled up their website and what do you know? Their latest project was for the 345KV line in El Dorado, TX for Southeast Power Corporation (the company they brought in to finish the job?).
Ill copy and paste for those of you too lazy to download and read the pdf:
85% of Texas load
23 million consumers
Competitive-choice customers: 73% of load
6.7 million electric-service ID’s (premises)
41,500 circuit miles of high-voltage transmission
550 generating units
74,000 megawatts (MW) capacity for peak demand
One megawatt of electricity can power about 200 Texas
homes during periods of peak demand.
Record peak demand: 68,305 MW (Aug. 3, 2011)
New monthly peaks in October, November and December 2013
Energy used in 2013: 331 billion kilowatt-hours
A nearly 2.1 percent increase compared to 2012
Market participants: 1,100 active entities that generate,
move, buy, sell or use wholesale electricity
Transmission Investment and Development
$14.3 billion in transmission added since 1999
9,141 circuit miles of transmission improvements
2,558 circuit miles of transmission planned
$3.7 billion under development in five-year plan
48,000 MW new generation added since 1999
137 older units decommissioned
12,754 MW generation committed for the future
(with transmission contract and air permit)
51,100 MW of active generation requests under review,
including more than 24,200 MW of wind (December 2013)
Retail Service Switches
89% of residential customers (December 2013)
90% of small non-residential customers (December 2013)
97% of large non-residential customers (December 2013)
186 certified competitive retail electric providers
I can't believe we have an idiot trying to bash this stock at these absurdly low prices!! Yeah it might drop 5% from here. But it could be 100% higher in a few months. I only wish all my stocks had the limited downside and huge upside of GV!
In contrast, sharing a direct link to the pdf on Twitter involves just one click!
Google it if interested. Yahoo's CEO Marissa Mayer made 36 million last year so she probably cant be bothered enabling sharing on Yahoo Finance message boards. So what if its in the dark ages.
Maybe...but they learned much from the first STEC job, and have the bonding capacity now. They also have C&C to build the substations either end. Can they not draw from the IBEW what lineworkers they need?
GV ex-item trailing multiple is more like 10, on only .15 but the prior year eps was .47 The average is about .30/year. The S&P forward multiple is 17, and most companies are warning due to Q1 bad weather. GV's forward unofficial numbers will be in the range of .40 eps on 100 million in revenues.
Bayswater may contribute as much as 10 million in annual revs, and maybe a penny or two per quarter eps.
I am however, not trying to convince you. Trade your conviction. I think anyone looking to trade the downside in this company is looking in the wrong place. When shares spiked to $5.68 and the backlog cratered...that was a hayday for shorts.....but that time is history now.
I'm long, and I have the luxury of waiting until I get the price I think the shares are and will be worth once we gain some more traction in the Texas market.
The size of this project may be a bit much for them, but even a small portion would be nice.
Since Yahoo has mad the message board forum a morgue......I'm reduced to replying to my own messages. One contract like this and we will see $6+ per share.
I cant find anything even close to the value here, but with that said remember funds buy performance, not value.
If this company announces a large contract....it will rocket up to $3 and higher depending on size of project.
PCA is not leasing over 6 million worth of equipment for no reason.....I think something is being inked.
How many listed stocks in the low $2's have the potential to post .10+ earnings quarters in 2014??? If someone can find ONE other besides GV, I'd be surprised. I'm buying daily. If market stabilizes, I think we'll see GV shoot up to $2.50 soon. Then jump to $3 or higher after Q1 report next month.