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Strategies & Market Trends : Value Investing

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To: E_K_S who wrote (57544)8/1/2016 12:28:52 PM
From: E_K_S  Read Replies (1) of 78666
 
Sterling Construction Co. Inc. (STRL) peeled off 30% of remaining shares @ 6.31/share

Sterling Construction Company, Inc. Reports 2016 Second Quarter Results

This Graham value Buy is paying off after holding almost 20 months. My last Buy was 2/2015 @ $2.75/share. Company reported earnings today which reflect the restructure of debt (w/ secondary), negotiation of new contracts providing for higher margins (over 8% vs 2%) and revenues growing again back above 2014 levels but now EPS is much higher.

This is no longer undervalued by the GN model but I continue to hold a stub position looking for continued growth in EPS (w/ a nice backlog of contract work).

Stock is now a source of funds for other undervalued Buys.

EKS
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