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Swift Energy Co. Message Board

bobacequ 3 posts  |  Last Activity: Aug 19, 2015 3:22 AM Member since: Nov 29, 2007
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  • bobacequ by bobacequ Aug 19, 2015 3:22 AM Flag

    Yes you are correct. They released the backlog in a press release, but I was looking at their 10Q report to the SEC which made no mention of the backlog.

  • bobacequ by bobacequ Aug 11, 2015 6:07 PM Flag

    Historically the company has issued backlog numbers with the quarterly report. But for the quarter ending April, they oddly made no reference to new orders received or the backlog. And I note that there has not been any insider buying at all.

  • bobacequ by bobacequ Jun 10, 2015 10:51 PM Flag

    Do the current stockholders know that this stock sold at at price of 30 fifteen years ago. After luring in foreign investors re the ADR's the South Korean government decided that no foreigners should ever make a profit and that the South Korean people should benefit by getting electricity far below the cost to produce it. Standard and Poor projects 2015 earnings at $5.60 per share. Even if it happens, KEP will probably pay a five cent dividend and then have earnings decline for the next five yearsuntil they are bleeding losses again Basically, KEP is not an inventment. It is cannon fodder for the South Korean government.

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