Looks like a pretty good Q1. Interestingly, accounts receivable was $4,490,388 for Q1 vs $2,900,457 in Q4. I'm assuming that they expect to collect that money. Stockholders Equity was up almost 4% Q4 to Q1, a bit more than an annual rate of 16% (although they've frequently warned of lumpy results).
I think you are right that there is no catalyst for the stock price. But the good news is that the timber value is probably increasing 4 or 5% per year (minus however much is harvested). The long term returns are probably not too bad as compared with current interest rates. The down side is as a stockholder you don't have too much say about when those returns can be realized.
If I recall correctly, GATX paid $23 per share for their stake. That's about $111 million for the whole company. It may not be a buy out but it sure seems like something is up.
Thanks. It's on Yahoo too. I must have looked at it and thought it was just a press release about earnings so I never opened it.
I was on the call too but my call got dropped a couple times due to poor cell reception.
They were very positive on the call but, we'll have to wait and see if things come to fruition.
4Q earnings are actually down from $1.8 million to $1.6 million. The rest of the drop in per share earnings are from dilution. At least the initia stories from Bloomberg and Forbes are poorly worded (and in accurate for that reason). From what has been released so far it is difficult to tell just what was going on in 4Q.
The stock price has been weak since the secondary in December. 1.475 million shares at $29.25 is a lot of dilution (16.7%). Also, at the same time the former holders of Biddeford & Saco Water received somewhere around 400,000 shares in a stock swap. It could be either of those groups unloading shares. Or it could be concern about the effect of the dilution on earnings per share.
CTWS has under performed other water utilities since the secondary so, it is not something affecting the all water utilities like rising interest rates. If it is because of the secondary it is just a one off kind of thing. I expect the next earnings report will tell us something.
It took a full 8 days for the installation to be complete. I can't say I am glad I switched from RCN to Verizon. Maybe after a while I will be.
Interesting that Keeley sold out. I guess they got tired of waiting. I was thinking that someone was concerned about PWX buying NECR from GWR and paying too much.
To get it fixed? No...just venting some frustration...with the (probably vain) hope that the message can get around the Customer Service chain of command.
As a stockholder, I would like to know why Verizon can't manage to install TV at my house. It's one thing after another. FiOS was installed last Friday (this is Tuesday night) and after many online chats and phone calls it still does not work. How many other customers are they losing? Something of a rhetorical question.
BTW, I have only good things to say about the people I have interacted with.