Wow after shedding almost all the debt this copy managed a $151,000 profit on $41,000,000 in sales in September. Historicaly September is one of the three or four strongest months of the year for concrete companies. Since this is all they could do, If I were long this stock (DaninFW) I would prepare to hold this for quite a while. This confirms my previous post that warrants should have negligable value until this company shows it is capable of generating earnings and as I have previously posted, this is likely to take a long time based on the state of construction in the economy right now.
Don't be suprised. IMHO when these warrants start to trade they probably will trade for only a nominal value. i.e. $.10 to $.25 each. I know that they will not expire for 7 years, but they are a long long way out of the money, and if you haven't noticed construction is nearly dead, dispite Obama's talking up infrastructure investment. First he will have to get congress to go along and second construction needs private projects to prosper and with the current overbuilt situatuion and the reluctance of banks to lend to this sector recovery could tale a long time.