Could be. And, this assumes NO additional hurricane business in 2006/07.
Dallas-based Insurance Restoration Company specializing in remediation, recovery, roofing and re-construction for insurance losses, announces that it is currently working on contracts with an estimated gross value in excess of $30 million. RGA believes that, in the near future, it may sign up to an additional $8-12 million in contracts currently in the pipeline. Most of the projects were signed in 2005 by RGA's subsidiary, RG Restoration, Inc. d/b/a The Restoration Group ("RG"). Financial results from this increased contract volume will continue well into 2006, mainly because the contract revenues (although signed in 2005), will be realized after each phase of the restoration process is completed. These projects historically can last anywhere from 3-8 months on average.
Total Revenue last 4 quarters:
PERIOD ENDING 30-Sep-05 30-Jun-05 31-Mar-05 31-Dec-04 Total Revenue 5,295 2,085 2,935 3,337
You can see that $30-42M in contracts greatly exceeds the past 4 quarters.
Even after today's run, the stock is still only 48 cents!
Len
Warren Buffet: 5 minutes and 17 seconds of pure, unadulterated, bulletproof, flawless logic.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.