SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : STV GROUP (stvi) -- Ignore unavailable to you. Want to Upgrade?


To: Sergio H who wrote (31)5/5/1998 5:19:00 PM
From: Amigo Mike  Read Replies (1) | Respond to of 79
 
Hmmmm...... not too much action on STVI today. Guess the spread was a little scary at times. But ...... it was 1/8 for a while today.

If you are buying ..... use your cash account so that MMs can't play around and the stock can move more freely rather than play the MM games.

IMO ..... we are closing in on the final details of the STVI slice of the $1 billion contract to build the Kennedy rail line.

Amigo Mike



To: Sergio H who wrote (31)5/5/1998 11:59:00 PM
From: Amigo Mike  Respond to of 79
 
Well,

According to a Bombardier press release dated today ...... the Award of the $1 Billion contract to build a rail line to JFK Airport was OFFICIALLY SIGNED TODAY and the "go Ahead" .... given !!!!!!

So, STVI is DEFINITELY in on this deal. Skanska, Bombardier, Perini and STVI beat out 5 other competing consortia bids to win this contract. YYYYYEEEEEEHHHHHAAAAAWWWWWW !!!!!!!

Now it would be nice if STVI came out and told us how much of the $1 Billion they get =). 8-10% sounds like a good number since engineering and reengineering will be expensive and ongoing inspection support should run the 5 year life of the contract !!!

It is interesting that the company really hasn't put out much news over the years but here are two other HUGE projects they are working on that run at least thru 1999 =):

>>>>>The firm is currently involved with two of the country's largest design/build infrastructure projects: Amtrak's High Speed Rail Project along the Northeast Corridor and the Hudson-Bergen Light Rail Transit System for NJ Transit.<<<<<<

The gov't has recently approved $40+ billion in infrastructure upgrades around the country. Some of this cash is bound to end up with STVI as they have focused some bidding in this area.

Earnings comparisons for the next year are going to be FANTASTIC. Since the price settled back today ..... I think I need to get a few more shares to put away under the pillow 'til next year.

Amigo Mike