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Now for the good stuff...

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gitonwithit   Thursday, 06/07/07 02:35:13 AM
Re: None
Post # of 79917 
Now for the good stuff...

This morning I searched all of the corps of engineers contracts for Texas, Lousiana, Mississippi, and Florida. I found one hit for a $9,000 or so contract with one of the PBLS affiliates. Sorry I didn't save the link, but I believe it was with Ponchartrain Materials Corporation and I figured it had to do with the United Soils connection. I only searched 2006, if anyone else has federal contract info prior to 2006, I would like to know.

I was a little dissapointed at first, but when you realize that federal contracts are typically bid to a general contractor or a large company who will then subcontract out the parts of it to different companies it make sense that direct PBLS affiliates might not be listed there.

If you go to the Louisiana TxDot website and the Corps of Engineers site, you will find that there is a tremendous upcoming demand for aggregate in Lousiana with regards to levee construction and floodplain controls. One plan was finalized in 2002 if I remember right and is just waiting on federal funding and congressional approval. Whether PBLS will be fulfilling some of that demand, we just do not know at this point.

I believe that if this was a pump and dump, there would be ample opportunity to throw out numerous PRs relating to contracts and income because it is just so very difficult to verify information where subcontractors are concerned. We've seen a couple, but nothing that would indicate taking advantage of the situation.

As far as the chart, I think it is pretty remarkable that we closed up today considering the QQQQ shares were down a little over a percent and the consensus seems to be that the general market is overpriced. Far as I could tell, we had 4 500k blocks traded and 1 block of a million late in the day. Not a bad finish I think. Here very soon I think we'll blow past .0345 and then it'll be time to buy or hold, not sell.

As far as the company goes, they have evidently been in business since 1978 and I see no reason why they would be doing anything different now than they have done in the past. I do own a rental house in Longview and my next trip there I will try to stop by and find out more about the oil services in Kilgore which is right down the road from Longview.

Best guess IMO is that PBLS has a market cap of about $12 million which most definitely puts it in the under valued category.

All IMO and please do not trade based on my viewpoints.

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