Value Microcaps Motherboard

[kipp440]

Hweb, thanks for MVCO!

Thanks for finding MVCO last week Harry. I think you have uncovered yet another sleeping giant. Here are some details from last earnings report, keep in mind $80+ million backlog, $5+ million one time loss, IPO coming and easy comps. Here's the best part $170+ million revenue with only 2 million shares in the float. LOW FLOAT MANIA HERE WE COME!

"2005 First Quarter Results

For the quarter ended March 31, 2005, revenue increased to $39.9 million from $39.2 million for the first quarter of 2004. Net income for the first quarter of 2005 was $0.25 million, or $0.06 per diluted share. This compares to net income for the first quarter of 2004 of $0.44 million, or $0.12 per diluted share, which included a pre-tax gain of $1.7 million for the settlement of a claim in New Mexico.

Construction services revenue increased to $25.9 million for the first quarter of 2005. For the first quarter of 2004, construction services revenue was $25.6 million.

Construction materials revenue increased to $14.0 million for the first quarter of 2005 from $13.6 million for the first quarter of 2004, primarily reflecting an increase in average unit sales price. Unit volume for the first quarter of 2005 declined by approximately 10% compared to the first quarter of 2004, primarily due to unusually wet weather in January and February, 2005.

Net cash provided by operating activities increased to $4.9 million for the first quarter of 2005 from $1.7 million for the first quarter of 2004.

At March 31, 2005, Meadow Valley reported cash and restricted cash of $14.4 million and shareholders' equity of $12.5 million. This compares to cash and restricted cash of $11.4 million and stockholders' equity of $12.2 million at March 31, 2004.

Backlog

Backlog in the construction services segment at March 31, 2005 increased to $81.6 million compared to $53.9 million at March 31, 2004."

Link to stats:

http://finance.yahoo.com/q/ks?s=MVCO


Details on the company:

Meadow Valley Corporation engages in the provision of construction services and supply of construction materials. The company’s construction services include structural concrete construction of highway bridges and overpasses, and the paving of highways and airport runways. These services are offered to customers primarily in the western states of Arizona, Nevada, and Utah. It supplies construction materials, such as ready mix concrete, sand, and gravel products to customers in Nevada and Arizona. The company’s material customers include concrete subcontractors, prime contractors, homebuilders, commercial and industrial property developers, pool builders, and homeowners. Meadow Valley Corporation was formed in 1994 and is headquartered in Phoenix, Arizona.

Thanks, I'm in.

Kipp