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Yes, and the GENERAL CONTRACTOR sector is pretty strong, as most of the other general contractor companies(PEC,PWR, etc )'s share prices are near their 52 week's high. The PPS of KSWW.OB will certainly get a boost once it's listed on AMEX, IMO. After a long run from $2 to $4, the consolidation here at $3s is quite healthy.
KSWW.OB: annual meeting announced.
The accompanying proxy is solicited by and on behalf of the Board of Directors
of KSW, Inc., a Delaware corporation (the "Company"), to be voted at the 2006
Annual Meeting of Stockholders (the "Annual Meeting") to be held at the Crowne
Plaza Hotel at LaGuardia Airport, Queens, New York, on May 8, 2006, at 2:00
p.m., New York time, and at any and all adjournments thereof. The Annual Meeting
is being held for the purposes set forth in the accompanying Notice of Annual
Meeting to Stockholders.
Thanks, Lentinman. Yes, I know it will be tomorrow's closing price.
can I freeze NKBS? I don't like a company projecting a loss for the year. Thank you.
A question about my strategy:
I have joined this message board for quite a while, and enjoyed being one of the investors who are interested in undervalued microcaps. As I understand, most of us are trying to find undervalued penny stocks in the market, especially those with solid fundamentals and nice growth.
However, sometimes the market might get hyped up so that most stocks will rise to an overvalued level, and make it very difficult for us to find a undervalued gem. For example, if you ask me right now to give six stocks for the next VMC pick six lotto, I would think it's almost a mission impossible. I couldn't find many good stocks to own right now, and that's why half of my account is in cash position.
I wonder what you guys will do in this kind of situation. Since I am kind of new to the market(2 years), I really appreciate any ideas or comments from you guys. I assume most of you may have more experience than I do. I am also very interested to know how this strategy performs in those internet-bubble days. Thanks a lot.
BTW, I think KSWW.OB and GV are still undervalued.
BPTR.OB: will report next Monday. Don't know whether the result will be good or not.
ASPN.OB: got some volume today.
Thanks, Bobwin. They really need some work to improve their profit margin.
DTLK:@3.8. Do you guys like it? I think it's a nice turn around play with solid balance sheet. I cannot understand why it has been dropping for almost a month, and now sitting below where it started.
KSWW.OB: CEO started converting options to shares and sell, per today's filing.
How long does it usually take to get the approval of listing on AMEX?
KSWW: 2005 net income includes both tax benifit and settlement from the lawsuit. In short term, the constant selling from CEO may drive the PPS futher down a little. I will wait until CEO finished his selling to add.
KSWW.OB: Right. Considering Warkol may currently have up to 200K options to exercise, he is really the one who can affect the share price.
KSWW.OB: we may see some selling pressure from FLOYD WARKOL.
Under the terms of the plan, Mr. Warkol may exercise up to 200,000 options, and sell up to a total of 400,000 shares.
AOB: the drop might be related to this filing:
http://www.sec.gov/Archives/edgar/data/1090514/000101968706000490/aobo_424b3-030306.txt
If that's the case, I think it's not bad to buy at lower 4s.
AOB: My feeling is that something bad is coming. Watch for the possible news to hit wire. Let's wait and see.
ASPN.OB: so they decided to search for oil now? interesting.
Aspen's other 7 wells are expected to be located in the Rice Creek (4), Denverton Creek (2), and various (1) other gas fields. Aspen also intends to drill a deep, high potential oil well in Kern County which, if successful, could lead to multiple additional drilling locations. Although the majority of these wells will be conventionally drilled, a few of them will be drilled horizontally. The actual timing and drilling of these wells will be contingent on permits and drilling rig availability.
TIII: I already started buying at 2.15-2.20. For a bounce, at least.
PRZ: In the filing, they said the 19M registered common shares are related to the acquisition since Nov 2004. Not sure how many of them have been issued and how many left? Or all the 19M are already counted as outstanding shares(63M O/S as of 02/28/2006).
ASPN.OB: I expected earlier that ASPN.OB could hit $4, but I never expected that it has kept dropping without any bounce for two weeks. LOL... The scheduled sale from the management really hurted here. And, each of them still has around 50K shares to dump, which should put some pressure on PPS later. I guess the trigger price for the automatic sale is $5.
I bought above $5, because I liked their fundamentals, and I thought the share prices were around the bottom. Unfortunately, it broke down and never came back. I just haven't got used to cut loss for stocks with sound fundamentals.
Technically, ASPN.OB sucks. But I don't see any change in their fundamentals. I guess it will bottom around $4.
Yes, they hedged some:
To manage commercial risk, we may use financial tools to hedge the price we will receive for our product. The primary purpose of hedging is to provide adequate return on our investments, grow our reserves while leaving as much commodity price upside as possible. During the period November 1, 2005 through March 31, 2006, we are contractually obligated to deliver 3,750 MMBTU per day to two of our natural gas purchasers as follows:
1,000 MMBTU/Day @ $8.43 per MMBTU 1,000 MMBTU/Day @ $8.40 per MMBTU 500 MMBTU/Day @ $9.49 per MMBTU 500 MMBTU/Day @ $9.48 per MMBTU 750 MMBTU/Day @ $11.02 per MMBTU
The average price received during the first six months of fiscal 2006 for our natural gas was approximately $8.85 per MMBTU.
ASPN.OB: My suggestion is wait until it's settled. I have some positions I got above $5. Recent selling pressure are caused by this PR, and I think we will see a bounce once they have dumped the shares they want to sell:
BAKERSFIELD, CA and DENVER, CO--(MARKET WIRE)--Feb 15, 2006 -- Aspen Exploration Corporation (OTC BB:ASPN.OB - News) announced today that Robert A. Cohan, president, CEO, and a Director and R. V. Bailey, chairman of the Board of Directors, have established a pre-arranged trading plan to sell shares of the company over a designated period in accordance with rule 10b5-1 of the Securities and Exchange Commission. Under the plan, during a six month period commencing on February 22, 2006, Mr. Cohan plans to sell 67,000 shares of Aspen stock in open market transactions. Mr. Bailey plans to sell 63,000 shares of Aspen stock in open market transactions during a three month period commencing February 22, 2006. The transactions are part of the two director's ongoing program of tax planning and asset diversification. Rule 10b5-1 permits insiders to implement a written plan to sell stock when they are not in possession of material non-public information and continue to sell shares on a regular basis even if they receive such information subsequently.
ASPN.OB: any thoughts about the Change of Accountant? I think I should not touch those oil/gas companies, as I found it's difficult for me to predict the price actions of them.
ASPN.OB is a good buy around $5, IMO.I bought some today and will add later. I guess the automatic market sale for the management started today.
lentinman, the tournament looks quite fun. I hope I could win another round. :)
All right. Thank you,lentinman. I'd like to trade SUWN.OB for NKBS at the close price next Tuesday.
can I do a trade? I want to take profit on SUWN.OB and buy NKBS. Thank you.
ASPN.OB: valuemind, I had the same question as your second one. What will be their daily production after all these recent successful drilling? I think the third question you asked was answered earlier in message #35247.
SUWN.OB: I just hope they have done some strategy acquisition, which will be very nice for this company's future.
Thank you. I noticed that too, but I was attracted by their recent new orders. Anyway, I will be cautious, and will wait for any dip to add.
BPTR.OB: how do you guys like this one? It got quite a lot of new orders lately.
YAKC: very cheap shares here.
Briefing : 03:46 ET EVCI Career Reports New Student Caps for Interboro's Spring 2006 Through Spring 2007 Semesters (EVCI)
EVCI:news just out.
EVCI: low float volume surge.
KSWW.OB: The gains from lawsuit settlement will make their next ER look better.
Third quarter 2005 results do not include the net gain of $880,000 generated by the claim settlement previously reported in the Company's press release and accompanying Form 8K, both filed on October 20, 2005. The gain of $880,000 will be recognized in the fourth quarter 2005.
On October 17, 2005, KSW Mechanical Services, Inc., a wholly-owned subsidiary of KSW, Inc. ("the Company"), entered into a Stipulation of Settlement settling a lawsuit commenced in 1999, entitled KSW Mechanical Services, Inc. v. NAB Construction Corp., et. al. ("the Lawsuit"), which had been pending in the Supreme Court of the State of New York, County of Queens. The Company had sued the general contractor and its bonding company on the Co-Op City Project to recover its accounts receivable applicable to the base contract of approximately $437,000, plus unpaid final retainage billings of approximately $1,500,000, plus a claim for unanticipated costs incurred through 1998, in the sum, as presented at trial, of $2,303,727. The Defendant had asserted counterclaims, as presented at trial, totaling $1,440,905, and a claim for $3,000,000 based on the argument that the Company's mechanic's lien was willfully overstated.
The Lawsuit had been tried for 47 days and further trial proceedings were pending. Pursuant to the Stipulation of Settlement, all claims and counterclaims will be discontinued and the Company will receive cash payments totaling $2,900,000, with $1,200,000 payable on or before December 15, 2005, and $850,000 payable on or before March 31, 2006, and $850,000 payable on or before September 30, 2006. The Company will recognize a gain of approximately $888,000 as a result of the Settlement.
AIRM: A good stock for mid-term. Nice earing improvement in the last two quarters, and it's in a sector that will be strong for the next a couple of years.
$15 will be a strong short-term support. Target: $30s, in 3-6 months.
MVCO: valuemind, it looks you haven't read the 10Q carefully. It was clearly stated in the 10Q.
Gross profit from construction services increased to $2.1 million in 3 rd quarter 2005 compared to a loss of $1.1 million in 3 rd quarter 2004 and the gross profit margin increased to 7.4% from -4.2% in the respective periods. The increase in the gross profit margin during the 3 rd quarter 2005 when compared to 3 rd quarter 2004 was contributed to having no additional losses to recognize on the Gooseberry project, whereas in 3 rd quarter 2004 we had recognized additional losses of approximately $2.6 million during the 3 rd quarter 2004. Gross profit margins are affected by a variety of factors including quality and accuracy of the original estimate, construction delays and difficulties due to weather conditions, availability of materials, the timing of work performed by other subcontractors and the physical and geological condition of the construction site, therefore the gross profit in 3 rd quarter 2005 may not be indicative of the annual gross profit margin. Gross profit from construction materials increased to $2.4 million in 3 rd quarter 2005 from $2.0 million in 3 rd quarter 2004 and the gross profit margin increased to 13.0% from 12.4% in the respective periods. The increase in the gross profit margin in the construction materials segment during 3 rd quarter 2005 was the result of an increase in the average unit sales price, while our fixed costs were consistent with the prior period, but were disbursed over a slightly lower volume of unit sales when compared to 3 rd quarter 2004.
MVCO: That contract announcement was two weeks ago.
MVCO: current backlog is $92.6M. The most important thing here is how the trend will be, instead of how good the fundamental of MVCO is.
The market is eagerly looking for future winners and ignoring the hidden problems, when bulls are in control. Look at TIII and ATEA. Both reported a great quarter, however, it's due to some one-time events. I'm pretty sure that their revenue and income won't sustain, but people just ignored the facts and pushed the share price like crazy.