Northeast contract is worth 12 million and may be expanded to other communities. The first contract is the most difficult - more to follow. Bashing time is over. This contract will get the attention of investors and others in this space.
This contract is an eye opener, it is a BIG deal, but other news of contracts, especially in different verticals will make people "believe" that this isn't just an anomaly, but the REAL deal. Timing of the release though on a week where everyone is on vacation took some thunder out of the news. It also appears that a lot of weak longs are getting out on the news. To each their own but IMO, you aren't getting the stock any cheaper than now. Looking forward to the next conference call which should be about 4 weeks away. Since most of these contracts appear to be front loaded, 3rd qtr. earnings could put them in the black. Not expecting anything more than the 500k job for the second quarter though. Forward "pipeline" guidance will be a factor as well.