Hello, Thread. Just thought I'd bring you an update from the trenches.
The bumbling continues out here in the real world of LVLT/Kiewit fiber laying.
The strip through our place started this past February, has just been buried, FINALLY. But not without incident. Would you believe the inept clowns doing the work set a fire --albeit a small one, but it was a fire nevertheless outhere in this tinderland of high desert country and did not know who to call or what to do with the shovels they had in their hands? It was UNBELIEVEABLE!!!!! especially living downwind of these hardhats. And this after a 108K acres were consumed just the week before a few miles from here as well but by another suspected source than LVLT it must be noted!!!!!
Those of you who believe this job will come in on time "this year" must be the same ones who believed the company's PR that "it would all be completed prior to Y2K<grin>" You DO remember those prognostications as well, right?
Oh, well...I'll keep you posted with these semi-annual bulletins. That's because snow will fly here in less than 6 weeks and LVLT has yet to put anything into the finally buried tubes criss-crossing this fragile environ where their legal bills with Uncle Sam are mounting as we speak for all the environmental damage.
I still avoid this stock, as I stated back when it was trading at $120 and started to nose dive and got pooh-poohed by those on this thread who only believe what they read that LVLT "publically issues."
Lemme see if I have enough fingers to do the math..
120 fingers then,
minus 67 fingers today...
means I saved 53 fingers from getting singed on this money pit spec play.
But then, I guess there aren't too many acres to burn back in Joisey where they just completed their big "store's open fer biz" announcement, eh?
Now before you go roasting my chesnuts on an open fire, remember this: I never have said there wasn't money to be made in this stock "vehicle"...I just stated clearly that I told family and friends who LVLT tromping roughshod through their land to avoid acquiring LVLT as a long term hold back when I first popped up on here attempting to do DD as requested. There will come a day when the revenue potential vs actual moneypit/pouring sand down a rathole interment of cable will make this an attractive stock. But folks, you LTB&H types that were sucked in in these last 6 months were just too danged early, and I mightily suggest STILL are!!!
Longs and shorts, are both needed for a good horserace, right, guys? Fortunately, I am neither, altho' this would have been a GRRRRRREAT short. I just wanted my money to work harder quicker in more exciting plays such as, oh, SDLI comes to mind<grin>
Back to the trenches...and I'm taking my weenie with me so that don't get roasted either...so, save your slings and arrows for someone who gives a rip what you LVLT specs think on this thread.
S'mores anyone?
O/49r |
