Goldfield Corp (GV)

[Steponit]

In my opinion, GV is likely to jump when the quarterly report comes out. I hear that it should be coming in sometime this week. I've been following this company since March. They completed the huge CREZ project on time, and during that time they accumulated millions of dollars worth of new equipment that will help them to be able to tackle new large projects. They're also expanding and were in the process of trying to acquire C and C Power Line, Inc.

They had some tough breaks mid year with weather related problems that forced them to pull workers from some other smaller projects so that they could finish up the huge CREZ project on time. They had to bite the bullet and pay subcontractors to finish those smaller projects. By finishing up that project on time, they set themselves up with a good reputation to be able to take on more new large projects, which is very important for their future growth. They also have all that new equipment to work with now. Another bad break they had was getting hit with the charge to clean up the pilings from a 50 year old mining site. That's a one time charge.

So I'm really looking forward to the quarterly report that will be coming out in the next few days, to find out what's been happening there, and to look at that their forward guidance. They don't come out with news near often enough, but what I do see I like and I'm holding on to my shares which I accumulated during their long drawn out slump after looking so great earlier in the year.