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Non-Tech : granite construction GVA NYSE

GVA 119.36

+0.8%

Dec 26 9:30 AM EST

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To: Rob who wrote (7)	2/18/1999 11:46:00 AM
From: DELT1970	Read Replies (1) of 11

Buy it when they hate it to make the nice returns. Their Q4 looks fine and the backlog is holding steady. I suspect the wording about good weather in Q4 assisting results, which already missed the whisper by 4 cents, causes the analysts to panic. The backlog seems to me to be more critical for ensuring they can continue to grow revs and EPS at comfortable levels.

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