MVCO
Earnings of $.31/share for Q4 were better than I expected. With 5.1 million fully diluted shares and $12.85 stock price, shares looks cheap with approx. $6/share of stockholder equity, almost $5/share of cash, increasing backlog, increased construction bid bonding capacity, approx. $2.50/share of outstanding claims, and ability to earn well over $1/share going forward. I was glad to see the operations of RMX, 53% owned by MVCO, hold up well. MVCO held up well during the recent market volatility, and should do the same going forward.
Tmcal
Disclosure: I own a ton.
