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Re: manfromjax post# 2983

Tuesday, 02/16/2016 12:11:12 PM

Tuesday, February 16, 2016 12:11:12 PM

Post# of 3534
I'm telling you, water is a net loser. Everyone jumped all over the increase in revenue in 3Q15, but didn't you or someone else allude to it being a one time revenue? And even then, the net loss attributed to water increased proportionately. Pipeline repair and maintenance was the only thing keeping them afloat, and you absolutely have to assume they've taken a beating just like everyone else. No news must be bad news. IMO, they've been sucking what cash they could out in salaries, and issuing stocks to pay the bills. 10K should confirm it, but it does little good to argue until then. Sure you might flip some $.01 shares for $.03, but there is no long term value IMO and I wouldn't want to catch the sharp end of the knife.

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