Do you know how many states are planning on re-do their transmission lines and add transmission lines?
A lot! Just punch in some terms in your search engine like transmission lines Texas, and you will see that this area is going to be a huge profit machine for the next couple of years. Plus Sandy and other repairs.
Heck, they were at a high level already for repair work and then Sandy hit, and then we learn they are marketing themselves in Europe. Saskatchewan is already giving them enough work to keep them busy.
To me, the real question is the payment date for Quanta's Sandy work. I estimate it could add up to .10 to PWR earnings. Did they get paid quickly in December? Then look for a record Q4. If they're paid in 2013 look for a great Q1. Maybe it's split and will help two quarters. Maybe it's all held up in Washington with the $50B Sandy aid bill. Who knows.