quote:Originally posted by man4apenny: unreal- No, they werent. Swallowed it up whole! lol Going to add btw on any pullback since this could go much higher imo. GL
yea I wish I had only invested more! I was able to sell enough on the last run to make my investment back, so now i'm playing with "Mad Money" lol
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PBLS is going to jam this week. This company has $300,000,000 worth of gravel, rock, sand and soil in their LOUISIANA pit. Every destroyed road, parking lot and building that has to be rebuilt due to Katrina needs these basic materials.
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The President of Phoenix Associates Land Syndicate Updates Shareholders Sep 12, 2005 7:00:00 AM COVINGTON, LA -- (MARKET WIRE) -- 09/12/05 -- Phoenix Associates Land Syndicate (OTC: PBLS), a holding company with assets in oil, sand & gravel, soil products, land development, trucking, contract hauling, swimming pool construction and construction related industries, today issues the following statement from its President:
"I am writing this release with a certain amount of emotion and sadness concerning the areas, the people and the landmarks I have known all of my life and this same statement is made with the full knowledge and belief that the people of New Orleans, the surrounding areas and the Mississippi Gulf Coast will rebound and make all of it greater than it ever was in the last five hundred years of its colorful history. As we fled for our lives to protect our families, our friends and our loved ones, we have been and continue to be made aware, through the news media, of the horror and tragedy caused by Hurricane Katrina. In these videos we witnessed ordinary people become heroes as they saved the less fortunate victims from roof tops, from flooded streets and from every other situation that could be imagined. THANKS TO ALL OF YOU HEROES -- we know who you are -- Superman did not come to the rescue -- YOU DID. I only wish that I could have been young enough and strong enough to have been one of you. You are the military, policemen, fire fighters, political leaders, and volunteers and you are the best of us and we are the rest of us. It will be up to the rest of us to do our small part in bringing our area back -- AND WE WILL. God is watching what we do and we must do it right. The rest of us must not fall short of the standard that was set by our HEROES.
"While these videos rolled around the world showing the worst disaster in American history, an incredible effort to stop the rising flood waters was being orchestrated during which you may remember seeing three-ton bags of sand being dropped into the breached drainage canals at the 17th street canal (this canal separates Orleans Parish and Jefferson Parish) and also at the industrial canal (this canal connects the Mississippi River to Lake Pontchartrain in New Orleans). Guess who supplied much of the sand to the contractors that did the work? You did through your investment in Phoenix and its Mining Division -- Murphy Sand & Gravel. All of this leads me to the intent of this statement -- THANK YOU PHOENIX INVESTORS FOR DOING YOUR PART TO ASSIST IN THIS DISASTER -- JOB WELL DONE. As you watch the past and upcoming videos you will see truckers that have worked for Bayou State Trucking and materials obtained from Murphy Sand & Gravel and contractors that Phoenix worked with, that are carrying out the day-to-day repairs and cleanup. As Phoenix investors your continued support of Phoenix has put us in a position to do our small part in rebuilding this region."
Paul Alonzo, President
Forward-looking Statements
This press release contains statements that are "forward looking" and are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995 and federal securities laws. Generally, the words "expect," "intend," "estimate," "will," and similar expressions identify forward-looking statements; by their very nature, forward-looking statements are subject to known and unknown risks and uncertainties that may cause our actual results, performance or achievements or that of our industry, to differ materially from those expressed or implied in any of our forward-looking statements. Statements in this press release regarding the Company's business or proposed business which are not historical facts, are "forward-looking" statements that involve risks and uncertainties such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. Investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made.
For More Information Contact: Ron Blackburn Phoenix (419) 944-7720
Mike Mulshine Osprey Partners (732) 233-3853
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HI everyone does anyone have any thoughts how much higher this one is going?I just don't want to lose my buttlike I have done before,reading press releases how great they are doing. THANKS
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Murphy Sand & Gravel division (820 acres)-- Reserves estimated at $260 million (more recent company materials also show $300 million, like the Sept. 6, 2005 PR).
February 1997 gave us an estimate of “$260 million based on the lowest prices charged by each of the other mining operations in the area for like products” (source: June 14, 2005 news release)
Estimate is from almost 9 years ago… based on “lowest prices charged”.
Estimate that the sand and gravel property re-evaluation comes in over $500 million. With 466 million shares out, that’s over $1 per share in sand/gravel reserves.
---------------------------------------------------------- Projected earnings for 2005 of $10 million, per September05 call with company. $10M/ 466M o/s = 2.15 cents per share of earnings apply a typical 15X multiple for $0.32 share price
---------------------------------------------------------- For 2006 earnings add in all the Katrina work, plus recent/new acquisitions Estimate that to be $25 million for 2006 and assume 100M more restricted shares $25M/566 o/s = 4.4 cents per share of forward looking 2006 earnings apply a typical 15X multiple for $0.66 share price (this last one is just me making a somewhat educated guess)
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CNN just showed it was going to take about $3 billion to repair the roads along the gulf. Thats some serious sand and gravel I bet they eat that up.
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Yesterday, the Army Corps of Engineers said that, on FEMA's behalf, it would award $1.5 billion in contracts for debris removal this week."
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From another site..........................
By: stervc (A GREAT POST ON PBLS)... 13 Jun 2005, 02:42 AM EDT Msg. 225246 of 225266 Jump to msg. # My PBLS Thoughts…
From talking to a friend of mine this past weekend, PBLS is significantly undervalued in my opinion and I recommend for all to do their own due diligence (DD) to see for them selves. Below is the potential that I see as to where PBLS could trade and why.
The company has verified its share structure and will be updating the public very soon from my understanding. From what I gathered, the Outstanding Shares (OS) will be well under 400 million shares. The Float will be under 150 million shares. Because of such, I will use those numbers as a worse case scenario for making my points for what I fundamentally see in PBLS.
I am told that any information that I am posting can be verified by the company by calling Ron Blackburn, Director of Acquisitions and Business Development at (985) 845-0773 or cell phone (419) 944-7720.
** PBLS has $300 million (conservatively) in assets in sand and gravel and $35 million in fixed assets such as machinery, equipment, etc. The total amount for assets is $335 million.
** The company has $0 expenses and liabilities that will total no more than $1 million.
** I will assume a worse case scenario and say that the expenses could reach up to be $150 million for excavating to take out the sand from the gravel. I am very confident that such is very much overkill.
** PBLS has begun the process of becoming fully reporting since 23 May 05.
Below are some key fundamental considerations about PBLS:
The Book Value (Assets – Liabilities) ÷ Outstanding Shares = Book Value (BV) ($335,000,000 - $1,000,000) ÷ 400,000,000 = BV $334,000,000 ÷ 400,000,000 = .835 cents
The Book Value (BV) is the amount that a company could give to their shareholders after liquidating all of their assets to pay off all debts, creditors, etc. I don’t think that PBLS is about to go Bankruptcy, but if they did, I would have to say that it would be safe to presume that shareholders would receive some value near the .835 cents as I have shown above.
The BV is also considered if for some reason any Tender Offer (TO) was made to buyout PBLS. The BV would be one of a few key variables used to determine where the price of a buyout should be. I’m not sure if a buyout is in the mix or not, but I am just hypothetically speaking. Let’s look at another fundamental concept with PBLS.
The Market Capital Analysis The market cap of a stock is determined by multiplying the stock price by the Outstanding Shares (OS). This is the amount that is expected to reflect the worth of a company if you wanted to purchase that company.
Currently, the market cap for PBLS is:
.014 x 400,000,000 = $5,600,000
Theoretically, what I see is that if you wanted to buy PBLS, you could do so for $5,600,000 in total if the company agreed to sell such to you. Such could be considered fair on one end because of the price of the stock. However, because of the amount of assets, totaling $335 million, selling for $5,600,000 would be considered extremely cheap until the share price rises to a number closer to the $335 million once the share price has been multiplied by the OS.
In this example, $335 million is 59.8 times higher than its current market cap of $5.6 million and clearly shows that PBLS could be considered hugely undervalued by 59.8 times its current share price. Let’s look at another fundamental concept with PBLS that most people would use upon the completion of the quarterly and annual reports.
The Earnings Per Share (EPS) Analysis Revenues – Expenses = Income Income ÷ Outstanding Shares = EPS
The company is scheduled to make at least $10million in revenues. With the completion of some pending acquisitions, PBLS could make $30 million this year. The company is planning on using preferred shares to acquire companies with a 5 year restriction before they can be converted to common shares. PBLS settled and completed negotiations to settle $3.5 million in debt on 25 Feb 05.
To remain conservative, I will say that PBLS will need to spend $5 million to make $10 million. This will leave an Income of $5 million. Then observe below:
$5,000,000 ÷ 400,000,000 = .0125 cent(s)
Multiply by a conservative PE ratio of 12 and you have:
12 x .0125 = .15 cents
This means that PBLS is worth .15 cents if things happen at or near as I mentioned above. With PBLS sitting on $300 million worth of sand and gravel in assets that is ready to be sold, I think that the odds might be in favor of PBLS for potentially reaching an EPS 5 to 10 times higher than the one that derived the price of .15 cents above. Just use half of the $300 million ($150 million) in place of the $5 million above in the formula and see what you get. The beauty behind PBLS is that we don’t have to wait or speculate about them having the $300 million in assets because the company already has them.
I have no idea where the price of PBLS will be heading, but I just shared some food for thought as to what I see in the potential for PBLS and why I think that PBLS is significantly undervalued. This is an opportunity that I felt necessary for all to radar and DD to at least be aware of. I hope this helps.
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they had a program on tv about New Orleans,and stated the dirt that was under water is very toxic,and will need to be replaced.The mine that PBLS owns is worth a lot more than 300 million
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The politics are such that there will be tremendous pressure to hire local Lousianna firms such as PBLS. This will help. Right place-right time
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No, Jbill, the value of that mine is $300,000,000. You were right the first time COVINGTON, LA--(MARKET WIRE)--Sep 6, 2005 -- Phoenix Associates Land Syndicate (Other OTC:PBLS.PK - News), a holding company with assets in oil, sand & gravel, soil products, land development, trucking, contract hauling, swimming pool construction and construction related industries, today announced, although our mining operation sustained a direct hit, that Phoenix has survived Hurricane Katrina and is feverously working to maintain its continued growth. As most of you already know, our mining company, Murphy Sand & Gravel, is located in Pearl River, Louisiana, and is the closest mining operation to the New Orleans area and the Mississippi Gulf Coast. Our location has millions of tons of soil, sand and gravel and we stand ready to furnish material to help rebuild the devastated areas surrounding the Gulf Coast communities and the City of New Orleans. In the best interest of our stockholders, this disaster should almost certainly cause a re-evaluation of the $300,000,000 in reserves located on the company's 820-acre site. Thank all of you for your enthusiastic support of Phoenix while we continue to grow our company. We have some great announcements coming up soon. THANK YOU.
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Well, today was a good one. Here is hoping that it continues for a while. Even if it fluctuates short term, I see this as at least a hold until winter/spring after the FEMA contracts have been sorted out. This company should be rolling in it by then.
-------------------- I just want to make enough money to be eccentric.
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COVINGTON, LA, Sep 15, 2005 (MARKET WIRE via COMTEX) --
Phoenix Associates Land Syndicate (Phoenix) (OTC: PBLS) a holding company with assets in oil, sand & gravel, soil products, land development, trucking, contract hauling, swimming pool construction and construction related industries, today announced that WE ARE BACK! Phoenix is back from temporary offices in Galveston, Texas and is now operating in its home base in Madisonville, Louisiana and Pearl River, Louisiana.
Phoenix has contractors working on both sites and will open the gravel pit office on Monday, September 19, 2005. We now have eight telephone lines working on the ground and eight cellular telephones back in operation. Both locations have electricity and contractors are calling Phoenix like I have never witnessed before, because everybody is desperate for material.
This morning I received the signed faxed copy of a binding letter of intent (LOI) prepared by the law firm of Dickinson and Wright, from the two oil companies we are purchasing. I will keep you informed when we have the hard copies of the LOI, and when we complete the due diligence process on these acquisitions. We will also then provide specific information on the leases we have acquired, the oil wells we have in operation and the oil wells we will be drilling. STAY TUNED.
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MAd at myself. Bought this before storm at.005 and sold it after storm for .015...thought I really did good. Good luck to all. I'll catch another one somewhere down the line.
-------------------- It's only money..We'll make more tomorrow!
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