Trump to sign executive order Tuesday on infrastructure projects
President Donald Trump will sign an executive order on Tuesday "establishing discipline and accountability in the environmental review and permitting process for infrastructure projects," the White House said in a statement on Monday.
P/E ratio 10x fully taxed earnings EV/EBITDA ratio 4.5x FPL and Duke Energy massive increase in T&D and Storm Hardening spend from 2018-2023. $6M spent by GV to increase it's truck fleet. GV rollercoaster stock price nearing a bottom. Institutional Ownership up to 46% Stock should double in the next year or two.
Tropical storm Harvey 2017: Get the latest path projections, forecasts
Tropical storm Harvey is expected to make landfall Friday bringing with it heavy rainfall and high winds.
Overreacting!!! its so ridiculous
CEO stated on Conference call that Duke Energy and FPL are increasing their spending and have Billions of dollars of projects to bid on.
Heat in orlando causing record electricity demand. Hurricane season kicking into gear. Goldfield will he'll handle and problems and meet all demands
Infrastructure getting some needed "ATTENTION"
it will be a LONG time before this sees $6 again.
I think GV is due for a pullback. What are your thoughts? Im not sure about you guys but awe-some*sto-ck*s has provided me with some pretty good trade ideas. I messed up executing some of them but thats on me.
Will $3 be real?
GV makes a large portion of their revenue when old coal power plants are closed and new natural gas and solar power plants are opened because GV runs the Transmission lines to these new power plants. Florida Power & Light (FPL), GV's largest customer, plans to construct a total of eight new solar power plants by early 2018, which will use approximately 2.5 million solar panels and have nearly 600 megawatts of capacity.
All of these new power plants will need new Transmission lines installed. 2018 is shaping up to be very good for GV.
Florida Power & Light begins installations in one-million-panel solar expansion - Daily Energy Insider
Florida Power & Light Company (FPL) began installing this week the first solar panels of its solar expansion, which will comprise three new solar plants and approximately one million solar panels. The installations began at ... Read More »
The market for Goldfield's services looks very strong according to their competitors recent announcements.
From MYRG's Q2 conf call >> "Our bidding activity for all types of work, including small to medium-size projects, EPC projects and large transmission projects, has picked us substantially during late Q2 and early Q3, and we believe our experienced investor resources puts us in a favorable position to win our share of these projects. We are committed to our strategy and believe our efforts will position us to capitalize on this healthy T&D market for years to come."
From WG's Q2 conference call >> "Our distribution businesses had a solid performance in the second quarter and there is high workload visibility for the remainder of the year."
From MTZ's Q2 conference call >> "Revenue in our electrical distribution business was $97 million versus $96 million in last year's second quarter. More importantly, margins were much improved and we continue to build up of our recent momentum. While we're not satisfied with our margins in transmission, we've now had two consistent quarters and what we expect to be a transition year as we build backlog into the future. During the quarter we were awarded approximately $200 million of new awards and we're optimistic that we will continue to grow backlog in the second half of the year. We are confident we will enter 2018 in a solid position and we continue to believe that 2018 will be an excellent year for this segment."
What GV may need most of all is a rainmaker who can deliver some higher quality projects for GV to work on. Perhaps an acretive acquisition would make good sense. Let's see how the conference call goes tomorrow as well. At least we will have a much better shot at exceeding 2nd quarter earnings a year from now!
MYR Group and Willbros Group both posted strong Q2 revenue growth and both stated they are seeing a good environment for getting new work. I expect the same for Goldfield.
Prob trying to depress stock price to attract a buyer.
Years and years of work for Goldfield.
FPL 10-Year Site Plan (PDF file can be downloaded)