STRL has had it's credit line cut from $40M to $15M by 09/30/2015. Including the note payment of $400,000.00, and much higher interest rates, this requires STRL to come up with $25,400.00 in cash by 09/30/2015 or be in default with imminent belly up.
As we understand it, STRL is hoping to get the $25,400,000.00 amount by putting up it's equipment as collateral for loan.STRL claims it's plant and equipment have a values of $87M -- however the loan company will almost certainly cut this value down to about $25,000,000.00 $30,000,000.00.Thus, STRL will have no capital, and no equity in it's equipment fleet-- being totally beholden to the equipment loan company.Also we would expect STRL to have to pay about 15% interest on it's equipment loan.
Only big time profitable contracts will solve the STRL looming belly up, and big time profitable contracts are as rare as hen's teeth.Usually in such situations, the troubled construction company desperately bids to low to get contracts to ensure cash flow-- then reality finally steps in and down she goes to belly up.
WE hope STRL makes it, but from what we know about the cut throat heavy civil construction business, the only folks that will turn a profit are the banks, the equipment loan companies, and the lawyers.
You make good points, but forget that the lady that runs the FED is the most powerful woman in the world.The real culprit for the ongoing stock price bubble was not Bernanke it was Greenspan.
Wethinks the old rule that a P/E of between 6 and 12 is applicable--the present crazy high 30 P/E should be a red flag and bells ringing for prudent investors.THE BIGGER THEY ARE THE HARDER THE FALL.
Significantly, because of over priced valuations, Warren Buffet has not purchased any new equities for the past 3 years.The only money he has put .into the market was for takeover control of prominent profitable companies.
FIENDLY -- well said --you clearly rate yourself !!! DANK AND FOUL, FOUL AND DANK, LOW CLASS LOSER WITH DULLSVILLE RANK.
No education, none at all--yet still trying to play the cowardly WANABEE BIG SHOT with his ignorant GHELATO scrawl.
He ain't got no problems, no, not him: cause according to his stupidity, his distressing ignorance ain't no sin.
Wethinks that financial performance is essentially irrelevant in the present market conditions.The FED monetary polices via unending imprudent quantitative easing has created an Alice in Wonderland stock market.CAT and virtually all other stocks are over valued by at least a BUBBLE factor of two--The looming price correction will repeat the still ongoing housing BUBBLE , with immense financial hardship for most investors including the highly leverage controlling hedge funds.
The dramatic correcting price drop is inevitable, the only question is when.
FIENDLY-- sorry to tell you but as things presently stand you are a no -no.Your command of the ENGLISH LANGUAGE is so inadequate, that effective communication with you is impossible.
Your continual use of GHALATO ISMS dooms you to an Inconsequential failed nut job.
Get thee a GRADE THREE reader and start the uplifting process of learning the ENGLISH LANGUAGE --discover the glory of becoming acquainted with the wisdom and insights handed down to us from the likes of KEATS, SHELLY, MARK TWAIN,& SHAKESPEARE.
Good name in man and woman, dear my lord,
Is the immediate jewel of their souls.
Who steals my purse steals trash: 'tis something, nothing,
'Twas mine, 'tis his, and has been the slave to thousands;
But he that filches from me my good name
Robs me of that which not enriches him,
And makes me poor indeed.
Othello Act 3, scene 3, 155-161
POR OLE FIENDLY -- his GHELATO upbringing robbed him of the correct appreciation of the richness of the English language.He mumbles GHELATOISMS in a high squeaky voice [ he's sans sackos ] he don't have no money, and he don't have no criminal record.
WANABEE'S prattle on spouting GHELATOISIMS -- so the band plays on. no one ever paying attention to no WANABEE, a sad deluded dude from Dullsville.
This is little to no chance of FIENDLY seeing the light and proceeding as the good LORD intended-- however, we shall continue to pray for redemption for this lost WANABEE.
Pawning your equipment to get capital to perform contracts is a desperate gamble.Quick net worth is vital, and a construction company cannot be properly run with a bank bank as a timid partner second guessing every management decision.Banks want security and comfort, which is not available to STRL and never will be.
The heavy construction business is a profitless business exercise-- too many dogs chasing too few rabbits--thus, terrific competition and no profits.STRL has far too much overhead to compete against small mom and pop type competition, and is grossly under financed to compete for the large contracts.. LETS FACE IT --STRL LACKS CAPITAL WHICH IS THE LIFE BLOOD OF THE HEAVY CONSTRUCTION BUSINESS.
COAMERICA BANK has been STRL's bank for several years --it has the complete financial picture, and most critically, this bank wants out ASAP.
We hope STRL makes it, but hype and hope don't cut it in this cut throat business.
Poor ole FIENDLY--a vary sad WANABEE-- he didn't pay attention .NICARAGA is something to be avoided when shaving around your AGUAS. He did't watch what he was doing and so lost both AGUAS. SO SORRY --regrettably, he is now a sad desperate WANABEE who has a distressing GELATO vocabulary which he mumbles with a high squeaky voice
PLASHPODBODY is rightly renowned for his lengthy dangling part at twenty three and a half inches long. PLASHPODBODY, was recently arrested in Reno for peeing in the street for unhousing this dangerous loaded weapon.One female police officer looking at the lengthy weapon said :" My Gawd, it is gruesome, " The other officer said " Take another look it has just grown some more"
PLASHPODBODY is presently residing in the Reno jail , being unable to raise the $25.00 bail.
MRFRIENDLY --poor performance--particularly for phased pronouns. DULLSVILLE ,dullards.delirium,downsides,dreariness, dreadfulness, dirge,drought,disillusion, displays doubtful drained deliberations
OLE BOY -- MUCH IMPROVEMENT IS NEEDED-- indicating a low class of your education. Your vapid lackluster and unimaginative command of the ENGLISH LANGUAGE indicates dead little grey cells which is most apparent and distressing.
DULLSVLILE IS YOUR NAME, & THEREFORE, TO YOUR BANE, YOU NEVER WILL HAVE FAME.
Persuasive evidence points to PL;ASHOPDBODY is responsible for the massive DODO'S that devastated NEPAL. The inquiry shows that PLASHPODBODY had been on a diet of super prunes for the past several weeks, In such situations effusive perfidious odoriferous DODO'S are inevitable. For sure we have identified our wanted man the fowl fiend named CATMANDODO.
We have seen this sort of slow melt down before.Placing it's equipment up as collateral for a line of credit is a desperate move to avoid belly up.Further touting a water treatment contract obtained by Myers and Sons is another nail in the coffin.Myers doesn't know diddle about water treatment plants or how to correctly bid them-- it will probably be a loser.
We have just finished a tour of NICARAGUA . We were most impressed by the training given to men . Despite the name of the country NICARAGUA, they are taught not to NICK when shaving around their AGUAS.
Noted geologists have been asked to express professional opinions about the cause of the Nepal earthquake and numerous ground tremors. The have been specifically asked to comment on the claims that the massive odoriferous DODO's deposited by PLASHPODBODY in Nepal was responsible or the earthquake,
THE UNDERLYING QUESTION : IS PLASHPODBODY [ a CAT shareholder ] the wanted man they call CATMANDODO.?
We opine that if found guilty, this fowl fiend will be forced to use approved methods for disposal of his DODO's
Tis sort of strange, although over priced, CAT is one of the best companies in the country, yet with rare exception, this board.is dominated by LOSERS, MOUTH OFFS, SMART ALECS, and INTERNET TRASH--all posting with nothing to say.None due due diligence and don't know the difference between their hsrsoles and their helbows.
In this league, profits talk, and financial idiots walk .INTERNET TRASH POSTERS -- buy yourselves a good pair of walking shoes
In previous market up turns and down turns, the out come turned on the under lying economic forces at play.THIS MARKET IS TOTALLY DIFFERENT.In this present market the obverse whelming market force at play is the Federal Govt via $80B a month bond buying and essentially zero interest rates.
This has produced a massive stock price bubble which when it bursts [ as it inevitably will ] will cause folks to ask how could we have been so financial incompetent to have a stock price bubble when we have just gone through a house price bubble which was also caused by the Federal Govt's non existent standards for mortgages.
We see LOSER MOUTH OFFS like MRFRIENDLY spouting off now, but he will be long forgotten when the inevitable price correction occurs. However, it is also predictable that MOUTH OFFS LIKE MRRRIENDLY will be replace by yet another crop of MOUTHY SUCKERS-- thus the band plays on--- the big controlling funds will continue to make their fine profit margins.
We [ our 8 person investment group ] have always made money and we get some good belly laughs from the likes of MRFRIENDLY and his IGNORANT LOSER ILK. They are LOSERS and always will be LOSERS, and we care not.
However, we feel sad for those hard working guys who post and are trying to make an investment dollar in a
tough world.Our mothers taught us the Golden Rule -- help others if you can.Our advice to them is to stay out of this grossly over valued market.