bergucb- good points. If it turns out that Madera start up costs, or some one time costs were the culprit, then earnings & EPS should be adjusted up for that.
Short some ? What are you talking about ? If Madera start up costs were in the $.77 number, that means they would have posted more if we back them out, not less ! Maybe someone will bring it up on the CC/
Yea, it went down 2%. By the way Kelly, it appears there were start up costs from Madera in the $.77 number. Do you see that ?
If they had only 16M shares like they did in the Mar qtr, and paid no taxes, they would have posted $1.40. In addition, their peer GPRE just reported $.82 for the June qtr, and the stock is selling for $39 vs PEIX $18.50 ! These were great numbers for the June qtr, and the Sept qtr will be better yet, as margins will be significantly higher with corn at $3.60. The stock is worth $30 all day long.
In the Mar qtr they only had 16M shares, and paid no taxes. The $.77 would have been $1.40 if they still had 16M fd shares and paid no taxes in the June qtr ! Also compare this $.77 adjusted with a stock price of $18.50 with GPRE which just posted $.82, but with a stock price of $39 ! Also next qtr should be much better, as margins have improved substantially with the price of corn being at $3.60.
bergy. GPRE paid 35% in taxes, while PEIX won't be paying taxes. That means for PEIX to have the same $.82 qtr equivlent to GPRE, it has to make around $1.25.
Samsung came out with a weaker than expected June qtr, citing slowing smartphone sales. Earnings were hurt by around 20%. How much will this affect SYNA bottom line going forward ? thanks
It has now retraced around 60% of it's recent gain. That's about all she wrote IMO. We might see a retest of $74 again, or even a drop to $72-$73 breifly, but all those greedy longs on the sidelines waiting for $70 or less will likely be dissapointed.
This despite the huge rise in backlog makes little sense. At $1.60, the stock is being priced as if $.04/qtr will be the norm going forward. Hard to believe that will be the case with backlog up substantially, and with the CEO giving such glowing comments just weeks ago about how business is so strong that they expect the $50M backlog to go up by a " significant multiple "
$5.50 is bottom IMO, and it may not even get there, as the recent aquisitioin will likely almost double EPS by the Decemember qtr. $.25-$.30/qtr by the Dec qtr, and a $10-$12 price target.
I would never have stayed in the stock. I mean the only thing keeping me hanging in here is the belief that management has had enough experience in electrical construction to know business is strong enough and with high enough margins to justify all the buildout they've been doing. I mean this company has made moves lately that will either make or break them in my view. All the equipment purchases, the aquisition of C&C, and the slew of new workers hired, is a historic move for GV.
How many here think GV will make $.05+/qtr this year yet ? How many here think GV will fail altogether in their quest to break into the booming Texas electrical construction business ?
The stock is the same price now as before the CEO made such glowing comments in the letter to shareholders. How in the world investors can totally write off comments that suggest business is booming is beyond me.
Well maybe I'm naive, but I believe the CEO when he says MSAs will grow huge going forward. This company has been around for over 100 years, so hard to believe investors have so much distrust. The last few quarters had mishaps and such as they finished up STEC & aquired C&C, but this company is growing fast in a very lucrative electrical construction sector in Texas.
My only concern is margins. However even if they stay small at 16%, I still believe the stock sees $3 over the coming months. Revenues will likely see $25M/qtr from here on out, and if the MSA orders pour in like the CEO says, then $30M+/qtr all during 2015. Rignt now it's about revenue growth mainly, and that growth demands higher than a 10 PE going forward IMO. That's why even with $.05/qtr, GV should see $3 if revenue growth continues to be strong, and backlog continues to grow. No brainer below $2 IMO,
Lets look at a negative case scenerio for margins. Lets say that margins stink going forward at 16%. However lets say that backog ramps to $150M by the Sept qtr. I will have to assume GV could easily do $28M/qtr in that case at a minimum. So how much would GV post if they did $28M/qtr with 16% margins ? After crunching the numbers, using a 37% tax rate, they woud post approx $.045 EPS. Annualy that would mean $.18.
Thing is, with the backlog ramping up so strong by mutiple folds over the current backlog, I suspect a 10 PE going forward would be way too low. I would give a conservative 15 PE going forward for that kind of growth, putting the price target at $2.70. Now mind you, this is a pretty bad case scenrio on margins, so I believe this to be a worst case scenrio assuming backlog ramps significantly.