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i stayed in... but i bought at .47 so i had alot of room. i figured it would drop maybe even 20 percent today but have another 3 day run or so next week.
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HOUSTON, Dec 06, 2005 /PRNewswire-FirstCall via COMTEX/ -- Integrated Electrical Services, Inc. (IES) announced today that it has aligned its resources to coordinate the services of its business units in the Gulf Coast region and to identify additional opportunities for IES to assist in the rebuilding efforts of that area.
Through several of its business units, IES is focused on work in Alabama, Florida, Louisiana, Mississippi and Texas and is beginning to see increased business opportunities resulting from the rebuilding and relief efforts. Revenue from existing contracts is expected to come from various kinds of work performed by IES. The work includes commitments on apartment building projects, plant maintenance work and repair and refinery-related clean-up projects. Some of these projects have been accelerated due to need and federal grants. Recently awarded work includes emergency generator services and electrical hook-up work for FEMA and other relief-oriented agencies. To date, IES has had over $16 million in work awarded or verbally committed related to these efforts.
Byron Snyder, IES' CEO, stated, "We are very pleased to be a continuing part of the relief efforts. These are IES communities too, and we will maintain our strong presence on the Gulf Coast. IES is committed to assisting our long-term customers in the rebuilding of their businesses and communities."
Integrated Electrical Services, Inc. is a national provider of electrical solutions to the commercial and industrial, residential and service markets. The company offers electrical system design and installation, contract maintenance and service to large and small customers, including general contractors, developers and corporations of all sizes.
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What is the story on this... I bought it last week and watched it rise and then it fell on friday and again today so I sold. Does anyone know what the earnings reports are going to look like on thursday and how much that NYSE 8-k will affect the price?
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if they get delisted i guess they would have to file for bankruptcy since they stated that they don't have the cash to repay any forced redemptions. i guess the earnings will show if they have a future or not.
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