GV:AMEX $.66 3 forward PE No Brainer
My last no brainer pick, LEE, doubled in a few days.
My new one is GV:AMEX.
-Just announced largest contract in history.
-Current $77.8 million backlog, compared with $12.2 million at December 31, 2011.
-$55 million of the backlog to be completed in 2012.
I estimate $.20 EPS for 2012 based on $55 Million revenue:
Operating profit = $55 million x 20% = $11 million
Operating costs = $6 million
Profit = $5 million or $.20 per share.
Markets are forward looking. The share price will be bid up rapidly to $1.50 IMO. The same thing happened in 2006 when they won a major contract, the share price skyrocketed.
Also GV is now a much more diversified company as they have focused their marketing across the U.S. rather than just the south.
Short term $1.20 target.
