Friday, April 07, 2006 11:34:12 AM
GV...digitech..GV responded to my questions by email rather than by phone call. I did not ask why the RE guy recieved a larger bonus than the CEO but it did not surprise me either. The real estate market has been exceptionally strong so with strong sales it should be generating excellent profits.
Real estate sales are reported on a percentage completion basis so we should see strong revenues from the Pineapple House condo project over the coming quarters even though it won't be completed until 2007. Buyers are required to put a 10% deposit in escrow to hold their units until completion so that should provide strong incentive for buyers to not just walk away from their purchase either.
I also see that the Cramer mistake about GV has simply gone away. They changed the ticker symbol of Goldfield from GV to GFI in their press release. Good way for the booyah boob to make his mistakes go away..Now ya see it, now you don't.
Real estate sales are reported on a percentage completion basis so we should see strong revenues from the Pineapple House condo project over the coming quarters even though it won't be completed until 2007. Buyers are required to put a 10% deposit in escrow to hold their units until completion so that should provide strong incentive for buyers to not just walk away from their purchase either.
I also see that the Cramer mistake about GV has simply gone away. They changed the ticker symbol of Goldfield from GV to GFI in their press release. Good way for the booyah boob to make his mistakes go away..Now ya see it, now you don't.
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