I can only value UGSI based on what I hear from Andy in his periodic reports, and my opinion of the demand for their services. Except for the occasional neutral report, his reports have been progressively optimistic, and I continue to believe demand for its services will surge (not if but) when the economy gets better and governments and companies can spend some money on infrastructure improvements.
What what I can glean about the recent acquisitions, they make sense and may (in time) contribute positively to not only UGSI's bottom line, but also have great synergies with not only what it now does, but also what it may undertake in the future. My sense is there is a well thought out strategic plan, and its success will depend on some points that are in the hands of UGSI, but also some that are in the hands of others.
I believe Andy (and the company attorneys) is smart enough to know that he has to be very very careful in how he paints the progress of the company. He and his staff didn't just fall off the turnip truck.
I continue to be very optimistic about the future of UGSI, but we need some help from the economy.
Full speed ahead - but conduct your own due diligence.
