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Re: @-@ post# 31

Monday, 10/11/2010 8:44:21 AM

Monday, October 11, 2010 8:44:21 AM

Post# of 55
Any particular reason for thinking that?

I am not too worried about (near term) dilution. Menard and his family own a substantial majority and have not abused it (such as by giving himself an exuberant salary or tons of options though son was hired). They have generally financed deals with debt/converts (the last of which have much higher price then current). The last deal was financed with cash on hand and straight debt.

The PR for RoundOut Electric and the Iron Works said they would add 15-18m top line and .05-.06 as share bottom. If the construction and HVAC do well both numbers would be dwarfed by existing business. Don't know what the economy holds in store but based on the PR I don't see it as a bet on Roundout Electric.