Looks lie the trend may be up for a bit. The 10/20 day MA crossing over the 50, and all turning up towards the 200. Since the 200 seems to be close to the bottom of the big gap, that does make a $2 SP a likely short term target.
The video that Computerfixer provided the link to, also lists it for $399,000. I assume this is for just one unit though, and it looks like there are two.
If " The Savoy" is another project on the scale of Pineapple House, GV's real estate segment may be on the brink of providing some meaningful revenue to the overall picture.
So, If that is just what they have in the "West Indies" townhomes, and they're going for $399,000 ea., then they should clear maybe $200-250,000 on that location? After realtor's fees, taxes, etc.,.
I was checking out the Bay Swatter development website yesterday, out of boredom, and I noticed that they have two new townhouse / condo projects in the pipeline. the "Abacos", townhomes and condos, and "The Savoy", condos only. Both in Indialantic city.
There does not seem to be much undeveloped land there.. I went to Yahoo maps and zeroed in with satellite view. For their project currently under construction, "West Indies", @ 101 7th avenue, they demolished a couple of small buildings. They will most likely have to do the same for these other two jobs.
I was just trying to get an idea of the size of the projects, in order to guesstimate the potential revenue for GV.. The Abacos , with townhomes and condos, must be larger than the two West Indies townhomes, yes?
And The Savoy, well, that's a grand sounding name, isn't it? Maybe something as big as Pineapple House?
At $4-500,00 ea. for ocean front townhomes, maybe $20-30,000,000?
Looks like the old man went straight back to the office after the meeting, sat down at his computer, and bought 40,000 more shares. I like this guy.
What J.S. said today, I think, is about the closest thing to "guidance" he's ever done. Letting us know in advance that we can expect a second qtr. loss. And that even with the torrential rain, they were able to somehow reduce their losses. Maybe the second half of the year is when it starts coming together... If you're in this one for the long haul, now is a good time to accumulate.
Jeez, my GF thinks I'm nuts to keep adding to this dog, no way could I get away with it married to her.
He HAS consistently set an example for the insiders to follow, buying almost 300,000 shares in the last 2 yrs. And also, after buying 200,000 @ $2.17, I know my wife would not have let me
buy another 85,000 unless something good was in the future for GV.
Fukdup plays the same game over on the CMPD board,.. Frothing at the mouth spewing gibberish on .01 cent down days, hanging his head in shame on up days, nowhere to be seen. Clown.
J.S. could do more to help the shareholders, IMO. Why didn't he mention the record level of revenue for this last qtr.? And the one before that? When I first got into GV, back in "09, $30M was the ANNUAL revenue! Shareholders equity has more than doubled since then, and the stock price is 4X greater. Power Corporation of America is one of the strongest brand names I've ever heard of, just that name alone should be worth $1M. The recent threat of a lawsuit vindicates J.S. 's policy of secrecy in a way, but it seems that there are unquestionable positives that can be played up without fear of litigation.
In other news, this thing could turn on a dime with some positive PR's regarding new projects/ contract wins. Without something spectacular like that, it's going to be a long wait before we even get back to where we were a few weeks ago.