that hasn't stopped someone from loving this dog. I notice Linda Heil hasn't filed form 4 sell. Maybe she knows something we all should be told. I mean, she quit the board last year. Why would she not sell? Judging from her comments on a conference call last year, she isn't what I'd call a bright bulb. I suppose I should be happy with my modest position, the heavy volume and the rather vertical price spikes.
it's always a good time to re-evaluate when things happen "for no reason whatsoever." Large insider purchases; they own 11%. Stabilized slow growth, improving CA finances. Impressive cash flow. Control value in contracts. Small cap range bound stock stuck with public company expenses with large well-capitalized competitors, such as Tetra Tech and AECOM. It's worth a gamble below $4.
Revenue is down. HS rail may generate a little plan review, company does not have size to compete for design or management. Local governments don't have money to finance new projects, therefore little reason to hire outsourced resources. They continue to count on energy contracts that basically spend money on changing light bulbs. Then the price of the stock jumps all over the place for no reason whatsoever!
Not much information from this CC. California counties continue to recover slowly and are hiring additional outsourced staff. SCE Energy segment contracts dribbling in: $4,000,000. Speed rail maybe moving dirt in Dec -- IMO, may be delayed again due to the route change. Over all it was about as I expected, 11 cents vs 11 cents. Q4 quarter guidance: "we expect to be profitable". Q4 2012 was 4 cents -- maybe an easy beat IMO as energy contracts add to the bottom line. Q4 2012 operating cash flow was 5M. If it can be matched this Q4 then all of 2013 cash flow would be $12M. Maybe there was a timing issue that brought some Q4 cash flow into Q3, I don't know. But even if Q4 op cash flow is only $3M, geesh, that would be $10M this year for a company with little capex and no debt. Book value is $2.59 and cash per share is $1.40.
a pure recovery stock and the nation is recovering, I expect this to move up with good times, the last 5 years have displaced people, forcing grads to live at home, they have now saved a little a money and are ready to fly the coop, human growth by numbers will pull us out of recession, and building stocks will reap benefits
Fresno to Tulare segment up for bid. Due Dec 6. "Those making the short list will be selected based on experience, technical competency, ability to perform and other factors, it says. The shortlisted firms will then be eligible to submit formal design-build proposals in 2014." Contract value estimate: $1.5-2 billion. See the Central Valley Business Times web site.