You guys have been kind to me over our GVA exit. Sure we made 100+% but once again i feel like I screwed up the sell. Basing all my logic off Fluor's demise- being so very similar- but the damn Granite spiked on their earnings. Leaving me with some amount of egg in my whole in the wall... Granite Construction continued paving a profitable path in the second quarter while racking up a record amount of backlog and buying two aggregate suppliers. The Watsonville, California-based road builder, materials supplier and infrastructure firm purchased Hattiesburg, Mississippi-based Warren Paving and Arroyo Grande, California-headquartered Papich Construction for a combined price of $710 million. Granite’s continued investment in material suppliers reflects the firm’s bullishness on both public and private infrastructure work, along with the booming data center market. Those facilities, along with computer chips and racks of servers, need roads and parking lots to access them as well. Two aggregate purchases Warren Paving, which owns a quarry, 11 aggregate yards and three asphalt plants along with 170 owned and leased barges on the Mississippi River system, will expand Granite’s materials business in the Southeast, while building on its buying spree in the region. In late 2023,Granite scooped up Lehman-Roberts and Memphis Stone& Gravel, both of Memphis, for a combined $278 million. Then last year, it acquired Brookhaven, Mississippi-based aggregate supplier Dickerson & Bowen. On an earnings call Aug. 7 to discuss the firm’s second-quarter results, CEO Kyle Larkin said Warren Paving will complement those previous purchases. “Warren Paving’s logistics expertise should allow us to supply materials to certain Lehman-Roberts and Dickerson & Bowen asphalt plants and positions us to expand the distribution network as we continue to grow our Southeast platform investment,” Larkin said on the call. He also highlighted opportunities to supply data center jobsites in the region, which has been attractive to owners looking for cheap land, plentiful power and water and a robust labor pool. “We believe private investment will ramp up in the region, whether through data centers or other large commercial developments.” In California, Papich will expand Granite’s operations along the state’s Central Coast and Valley, an area where it currently has less of a presence. “It’s complementary to our current footprint,” Larkin said. The addition of the two businesses will add approximately $425 million to Granite’s revenue annually, the company said. It raised its revenue guidance for 2025 accordingly to between $4.35 billion and $4.55 billion and anticipates approximately $150 million in revenue from the units in the remainder of the year. By the numbers The deal was the highlight of a quarter that also saw Granite grow its backlog — which the company calls Committed or Awarded Projects — to $6.1 billion, a company high. That’s $488 million more, or 9% higher, than a year ago. Revenue of $1.13 billion increased 4% from $1.08 billion a year ago. The company also grew profits to $71.7 million, nearly doubling the $36.9 million of net income it reported for 2024’s second quarter. Damn./////
I love the Back N' Forth. What is the opening essay for The D&V show.... Lets get that first post out there-- choose a stk... Profile and stick the landing!!!! I want to post on a different thread.
Yeah, the forum cop who has never shown a single trade hitting the tape has now manufactured a long reco from 72 from PM or email? As if. The guy has probably seen three PMs lifetime. Zero cred. Which wasn't much of a fall.
Get this we were tooling through town in the Jeep and my son hooked his i-phone into AUX on the radio and we rocked out!! Holy Cow. I didn't know that radio could do that.. It's not original, I did put it in -but it's not too fancy...
You know what happened. He snookered three children. Not in a mean way he meant well but he got them involved and the stock really crashed. Fortinet & Trade Desk have been very brutal. I don't look it up but IFF too... That Lost me a bundle but I don't cry about it or leave angry red faces. I take it like a man. but I also don't create a bunch of fake trades to justify the original one... It's a blown call. So be it. Generally when you strike out three in a row the best move is to take some time off. But we so need a new thread I'm encouraging van to stick with it.
Hey Stoney! Talk about a hole. You were busting GWB's chops about TTD saying the stock hadn't went anywhere in 5 years. How's your beloved MNDY doing in the same 5 year time period? Down $4. MNDY---> $174 (-30%) Hey I take it your D&V Show is including Dopey as the "D" part judging by the likes he gave you. He's searching for friends Stoney, kinda like giving a dog a treat. I love it! Dopey reads every word I write, and he can't stand that I have him on ignore. There won't be a D&V Show thread... he couldn't pick a stock to save his life. Ask him where TSLA closed today. I can't quote his stupid post because of the ignore function... but Dopey was calling for TSLA to be below $200 a few months ago. He got part of it right on the day Elon said Trump was in the Epstein files.... like $280.... but that was such a flash in the pan, Dopey is really living up to name. Dopey.
ah hahahahaha. Shorted the top and covered on the exact low print. Meanwhile Appalachia bought fortinet at 72, really! Don't forget your stops at 73! https://elitetrader.com/et/threads/tsla-going-to-get-hammered-tomorrow.382983/page-17#post-6140602 lol the Intel 386 in front of you running Windows7 can search for those posts. You'll simply have to click the output "read ignored content" and like your fortinet buy at 72 the "TSLA to 200" doesn't exist.