Posted by: hweb2 In reply to: None Date:4/18/2005 11:20:27 AM Post #of 30946
Anyone still following MVCO? They had a good Q4 earnings report, but the earnings were mostly from other income. The kicker here is they recognized losses of $1.5M in Q4 and $5.2M for the year from a single project in Utah. There should be no more losses from that project, which could cause a big jump in EPS this year.
Yearend backlog of $93.6M, up from $70.6M last year. Solid balance sheet with nearly $3/share in cash. Low float. They also filed to spin off their Ready Mix division as an IPO. Stock shot up to $7.74 recently, but is now back to the $5.60's. I bought some and will accumulate on weakness (easy to do these days!).
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