ADDL,formerly ZENX, is strictly a Hurricane Play. They are a roofing company that also specializes in "Blue Roofs".
In 2005,the Horrific Hurricane year for the southern states ,ZENX was trading in the .30's when it was awarded a 20 million dollar contract by FEMA.
The stock immediately started moving and the following week FEMA added another 40 million dollar contract.The stock went to 1.45 in a very short period .
I have been watching the stock coming back down to the low .40's,where on July 17 it reached .41
and although on low volume started moving slowly back up to .46,closing on a down friday trading day at .44
The difference betwen ZENX of 2005 and ADDL of 2007, is one word.Aquisitions.
In late 2006 picking up Mint Construction Co. and Brent Andersen Associates.
This year they are in the process of picking up Hayden Construction,West Nyack,N.Y .$5,600,000 annual sales and 40 of it's own employees.
They entered 2007 with a backlog of 23.8 million,and in the first 5 months of 2007 have been awarded 22.2 million in new contracts.
This is FEMA's most reliable Company for Blue Roofs.Thay are capable of Having hundreds of roofers on the job in a matter of days and that is
what makes them the top choice in disaster situations.
With August right around the corner,and the beginning of the serious Hurricane season,I see ADDL,starting to get more attention.
At .44 this might be our last chance to enter in the low .40's
I recently went down to Florida to purchase a home. Port St.Lucie being one of my stops.After talking to many residents,
the wife and I walked away with the impression that these residents weren't talking "if a hurricane comes,but more when the hurricane comes"
We decided to purchase in a more inland community.
Florida residents,myself soon to be considered one,are fortunate to have companies like ADDL,
that are capable of supplying 100's of men and equipment in a couple of days notice.
Let's hope that ADDL will
not be needed,but I am sure they are prepared for the Challenge.
"Luck is what happens when preparation meets opportunity."
AI
