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KSWW making a run soon?
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[QUOTE]Originally posted by blue_in_MI: [QB] disappointing to see this one dip below 4, 3.85 close yesterday. by my calculation based on the Q [URL=http://www.sec.gov/Archives/edgar/data/1004125/000092189506001778/form10q06663_06302006.htm]http://www.sec.gov/Archives/edgar/data/1004125/000092189506001778/form10q06663_0 6302006.htm[/URL] they hold 1.83/sh in pure cash, very solid balance sheet. earned .11 on the Q and .18 the first 6 months, with the business (subtracting out the cash/share) only being valued by the market at about $2/share. only thing i can think is that builders are just out of favor now, with people worrying about housing crashes and bubbles bursting. certainly there is cause for concern here in MI, with the big 3 automakers struggling mightily: unemployment just jumped up to 7%, and indicators are that house prices dipped a whopping 8% in the last Q alone. was in NJ over the weekend, prices also starting to dip there, though not as drastically. toll brothers has lost half it's value in a relatively short time, a good indicator of the nervousness about building stocks. KSW works on buildings rather than houses, but - still, i guess just being grouped in with the broader decline in building stocks, despite their positive points of a strong balance sheet and good earnings so far. people clearly worried that future earnings will not be as good. will be interesting to watch their backlog over the next few Q's: currently at about a year's worth of work. [/QB][/QUOTE]
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