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Re: Scotttrader80 post# 510

Tuesday, 10/03/2017 1:21:12 PM

Tuesday, October 03, 2017 1:21:12 PM

Post# of 630
Why do you say that? Power was restored to 99% of Florida last month, less than 2 weeks after Irma hit.

http://www.orlandosentinel.com/news/breaking-news/os-power-outage-numbers-hurricane-irma-20170920-story.html

Not sure why you'd be chasing the stock in the $6's. Because of a 1-time boost from Irma? Not even sure how much it'll help. Because they had to pull crews away from working on their normal contracts, I doubt it moves the needle much. Last year Hurricane Matthew was supposed to bring all this extra work for GV. There were even pictures of GV crews helping restore power. It sure didn't show up in the financials. Maybe Irma adds an extra penny or two of earnings in Q3. Is that worth the stock soaring from the low $4's to the low $6's??

And aren't you worried about the backlog? Revenues and earnings down the past 2 quarters, but the decline in backlog is really scary. At a time when many companies in the sector are doing great, GV backlog dropped sequentially from $190M at the end of Q4 to $152.3M at the end of Q1. Then another big drop to $129.7M at the end of Q2. To make matters worse, their high margin backlog had declined all the way to $13.7M last quarter, down from $30.9M the prior year. Yikes! What the heck is going on? It's like they've gotten zero new business so far in 2017.

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