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hweb2

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hweb2

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Friday, 08/03/2018 1:53:22 PM

Friday, August 03, 2018 1:53:22 PM

Post# of 113078
Bought back a few GENC in the $12's. Maybe a bit early. Earnings report yesterday wasn't good. But not totally unexpected with the rising steel costs. Backlog was down, but some of that was because the backlog last year was unusually high (up 77% vs. the year before that).

Stock sure has gotten slammed. I don't know if the report was THAT bad. Stock was above $16 a couple weeks ago. Now at $12.50. Maybe GENC will keep dropping. I'm happy to add some in the $11's and $10's. Eventually this infrastructure play will see better days. Protecting the downside is the fortress-like balance sheet with over $7.50/share in cash & marketable securities.
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