I bought GV last year at about these prices. The power distribution side got a big boost from hurricanr Katrina, Rita , etc. But the real estate market got really soft. So, after the initial run up, I sold out. I haven't look back ever since. It's main power business lacks any kind of moat. Being in contracting business, I am sure it faces all sorts of competitions. Is there anything else that makes it attractive to you? Pray tell.
"Is there anything else that makes it attractive to you? Pray tell."
Hi Sam. Others in the sector trade at 2 times book, GV is less than 1 times book. Others trade at a p/e of around 20 average, GV is at 9. Price to sales is about average. The Katrina operations you mention really are just beginning to get started. Money is finally being freed up for redevelopment efforts and I like their one stop shopping approach i/e the insurance angle with the acquisition.
But we need to see the next financials before I make any wild claims. But I think the potential is obvious and I am taking the risk.
Good luck. PS. I am not good looking. LOL.
j m o
Dennis once approached me n' claimed that his entire life was lead in a straight and narrow line since child hood. To this day he is still sporting a molit for a hair cut @ an age of late fifty. He is very well dressed, shaved and well groomed everyday of the week.
It' possible we can see everything through Numbers, History and Philosophy to sum - every thing up in a nano second.
I see women do this everyday of their life.
It's all around us.