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Re: wadegarret post# 18555

Sunday, 08/07/2005 2:05:48 PM

Sunday, August 07, 2005 2:05:48 PM

Post# of 173737
STV

Wade, I think STV is fairly valued at this level. It does have a tax loss carryforward asset, but the company reports both pre-tax and post-tax (as if they were paying taxes) and in the first quarter that was $.13 and $.09 per diluted share. Large construction contracts take time to move earnings to the bottom line and it is one of the most litigious industries around. Yes, STV is winning contracts, but it is also completing contracts. The company does not report enough information on existing contracts to make any good determinations on earnings going forward.

Tmcal6

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