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Goldfield Corp. Message Board

  • dalton880 dalton880 Nov 13, 2013 10:51 AM Flag

    Page 14 in the 10Q says it all

    With the same $23M revenues in the Dec qtr as the Sept qtr, GV would post $.075-$.08. However their backlog outside STEC has gone up 31.8% year over year, and they say right in the Sept qtr 10Q that they expect contracts since Sept 30th to "significantly augment fourth qtr revenue" for the Dec qtr. Here is out of the 10Q page 14...

    "Significantly, non-STEC backlog at September 30, 2013 increased 31.8% to $24.5 million , from $18.6million at September 30, 2012 . Of our total backlog at September 30, 2013 , we expect approximately 66.9% to be completed during 2013. Contracts already awarded since September 30, 2013 , together with other anticipated contract awards, are expected to significantly augment fourth quarter revenue.

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    • Yep when more people see that they're gonna kick themselves for selling GV so cheap below $2. The stock is already somewhat undervalued here if they were to keep earning .05 per quarter. But earnings headed higher from here, perhaps significantly so. Wouldn't surprise me to see a .10 quarter by Q1 or Q2 of next year. Stock will be in the $3's again if that happens.

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