PBLS-- the first time I did buy PBLS was after reading this post
on Raging Bull:
Wishing the best to all
janet
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By: misty8686
01 Aug 2005, 11:14 AM EDT
Msg. 970 of 26065
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MY REPORT:
PBLS is the most undervalued stock in the world. I've heard the same thing from many different investors "this sounds too good to be true". Let me tell you, THIS IS THE REAL DEAL! It is all true!. Those who keep selling this stock are making the biggest blunder of their lives. I am not a pumper or a dumper.... I'm just reporting on what I saw with my own two eyes.
I met my cousin down in New Orleans on Monday, July 25. My cousin sells real estate in Destin Florida. He had never heard anything regarding PBLS before this trip. I had called Paul Alonzo and told him I would be visiting the office on Tuesday morning. Out of the blue I asked my cousin if he wanted to take the 40 minute drive north to check out a company that I was invested in. I was rather shocked when he accepted the offer. Then I thought it would be a good idea to find out what he thought about PBLS having never heard of it before. Here is my report:
We were greeted at the Phoenix Corporate office as if we were truly important to them. They explained to us that shareholders are the "fuel" that drives the Phoenix engine. We truly felt and still feel they were glad to show us the part of Phoenix located in Louisiana.
Mr. Paul Alonzo first showed us the corporate office, which is located in Madisonville, Louisiana, on a beautiful piece of secluded property. We were introduced to the office staff and each member was told that I was an owner of Phoenix and my cousin was a potential owner from different areas of the country.
After leaving the office, we were shown several sites that Phoenix had supplied the materials and trucking for the land development. These were serious projects, the largest being a new hospital. I took pictures, which are available if you would like to have me email them to you.
After visiting these sites we traveled to a new construction site. This is a contract that Phoenix just got last week with Mike's Enterprises to supply 300,000 tons of fill dirt for a new I-10 interchange (Fremaux Interchange). Additionally, Phoenix's trucking company, Bayou State Trucking, will supply the trucks for delivery of the fill dirt from the Phoenix site in Pearl River to the new interchange (15 miles). This is approximately 14,000 truckloads. the value of the dirt gross sales is approximately $375,000. The trucking contract is also approximately $375,000. The area around New Orleans including the North Shore and entire gulf coast is building rapidly so the products that Phoenix has is in huge demand.
Upon arrival to the site of the sand, gravel and soil operations, we were taken into the office. The office is a very nice modular office, as are all the other sites the Phoenix people showed to us (the competitors).
During the time in the office, I met the operation manager. Mr. Adam Alonzo, Paul Alonzo's son. Adam has worked all facets of the pit operation. Additionally, Adam attends a local college and is in his junior year. There are two additional personnel at the pit office. While I was in the office (approximately 10-15 minutes). I counted 8 trucks across the scales. The office is next to the scale and all tickets are done electronically from the office. This entire procedure was explained to me by Adam Alonzo (maybe I can get a job!)
Next, we went into the actual mining area. There were numerous worksites with trucks being loaded or waiting to be loaded at each site. There had to be many millions of dollars in equipment being used. Several very large and very new front end loaders, 5 or 6 large track #### and several material separation plants. In addition I saw one nearly new 100 ft. dredge and several older dredges located in different areas of the mining site. (Pictures are available for all this)
We took a trip around the entire property (2 sides). The site is approximately 2.5 miles long by 1.5 miles wide. There was a satellite photo of the property in the office. The roads were maintained beautifully (gravel) especially for heavy loads carried on them.
Mr. Alonzo explained to me that it was approximately 14 miles shorter (round trip) to our pit than any other in the area (from the interstate). This means money to truckers and therefore cost savings for end users of material. Mr. Alonzo and Mr. Blackburn took the time back at the corporate office to show me the information on the operations in Michigan and Indiana. The Indiana purchase has not been announced and will not be until next week because Phoenix is waiting for all final documents of the purchase to be in their possession prior to a news release.
Mr. Blackburn went over projects that Phoenix has in the works; there must have been at least a dozen. Mr Blackburn reviewed sales for the year with us without any additional acquisitions. Year-end sales, with out any other acquisitions would be approximately $9.05 million. Assuming closing the smaller acquisitions, sales could top $20 million, or if they went crazy, and one of the larger acquisitions closed, $30 million.
Mr Blackburn said the hardest problem Phoenix had was getting investors to understand and believe in Phoenix. That is why they welcome visitors.
We have all said this is too good to be true but guess what? From all I can see, it is true, and, if anything, it has been understated.
Me - I'm buying more!
My cousin went back home Wednesday morning and has been buying all the PBLS he can. If anyone would like to see the pictures, leave me a message with your email address and I will send them to you. Thanks!
