Value Microcaps Motherboard

[kipp440]

Hweb MVCO part 2

Posted by: hweb2
In reply to: None Date:4/22/2005 11:07:17 AM
Post #of 30948

Don't understand big selloff on MVCO. Stock was approaching $6 yesterday morning (where I thought it was undervalued). Now at $4.50 on no news??

Without the $5.2M loss from a project in Utah (which will not recur in 2005), they would have earned about $1/share last year. Balance sheet has almost $3/share in cash. Backlog of $93.6M, up from $70.6M. P/E could be less than 2 this year net cash?

I hope someone can find the terrible news I'm apparently missing.


Harry, as usual, you didn't miss a thing!!!!

Thanks!

Kipp