I know contractors in Florida who went to Texas and got FEMA contracts tripled their monthly revenues. I cant wait for these quarterly 10Q reports. Price target $10.
FPL total customers 4,904,045 FPL customers out 204,100
The restoration work is almost over. One time gain of maybe $0.03 per share fully taxed. Backlog still way down to $129.7M as of June 30, 2017 verses $275M at December 31, 2014. 40% move up was unwarranted and could fade.
Hurricane hype drove the stock from $4 to $6
Here are the last two quarters results: 2017 Q1 Revenue -14.1% Net Income -37.2% 2017 Q2 Revenue -9.8% Net Income -34.2%
Backlog down to $129.7m from $190M at the beginning of the year. I don't believe the storm restoration work is a game changer for the company, especially in the short term.
I didnít think I could ever find a free service that was so valuable but it has finally happened. See for yourself at the-stockdork .
5.65 is SMA pivot where it waits for the news of millions of dollars in FEMA contracts. More revenue higher stock price. Another hurricane hits Southeast by next week. The electric work in Puerto Rico send Goldfield. Three major hurricanes in two weeks.
6.05 resistance. 6.05 on ask level 2. Breaking out.
Special offer for our YouTube viewers only! Click here: http://www.greatstockpix.com/special-offer-for-youtube-viewers-only/
GV may get about a solid week worth of emergency storm restoration work. After that FPL will have their own crews working for the next few months.
I was very disappointed with mid year results. Six month revenues dropped from $68M to less than $60M. I knew margins would drop slightly but the revenue drop was way more than expected. With backlog dropping all the way down to $129.7M from $190M on December 31, 2016. How in the world did backlog drop $60.3M on just under $60M in sales? Have they signed no new contracts so far in 2017? Or did they lose some big MSA work? I wish I knew the answer but management has glossed over it on it's earnings reports and conference call.
That said, I do like GV management and I think 2018 and 2019 will be very strong based on planned work from FPL and Duke Energy. Right now I don't own any shares for the first time in several years. It's hard to know when to buy back because FPL and Duke Energy projects often get delayed even after they sign contracts with Goldfield. I believe Q3 2017 results will be poor compared to Q3 of 2016. I don't see Q4 of 2017 being much better. But with the weak results in 2017 comes the opportunity that 2018 has better results verses the weak comps from 2017. I will buy if the stock drops to around $3 if it gets there and wait things out. If results are better than I expect I would buy back after good results are reported.
7 Million People across 5 states without Power. 25% of homes destroyed in the Keys 65% of remainder with major damage...help your neighbor folks
The trading setup for GV looks very enticing. Not sure how awesome_sto-cks finds all these incredible trade ideas but im happy.
OK..Guys I sold today....Heading over to HEWA and GLGI...Maybe one day I will be back....
It's all up according to the news! Newer 52 week highs is real!!
Don't confuse propaganda for actual research. Here is a propaganda article.