Scoobah, (et al)
Yep, might be good news. :-)
So far, up today on above average volume. (~protege, how about a chart?)
As far as getting a research report, TD Ameritrade has a link to a Hold recommendation by TheStreet.com. It's clear though, that whoever did the report/rec is not very well focused on what business the company is actually in.
On the one hand, they did note:
<<HIGHLIGHTS
The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Construction & Engineering industry. The net income increased by 177.2% when compared to the same quarter one year prior, rising from -$2.02 million to $1.56 million.>>
But then they also had this clunker:
<<
INDUSTRY ANALYSIS
...
Furthermore, the current softness in the housing market could adversely impact the retail construction sector, which has a direct relationship with residential activity, as stores are generally added shortly after housing subdivisions are completed. In the wake of a weakening housing market, some of the major retailing chains such as Wal-Mart Stores Inc. (WMT), Home Depot inc. (HD) and Kohl’s Corp (KSS) have scaled back on their expansion plans. We believe these factors could weigh on the industry’s prospects in the year ahead.
>>
Don't think this companies fortunes are all that heavily tied to Kohl's expansion plans. :-)
Nonetheless, I will probably stop around to Kohls later today to see if I can't find a nice shirt or something, just in case.
Cheers! |
