Yesterday, The Bowser Report issued a daily mover alert on
Goldfield (GV), which gained nearly 20 percent for the day.
GV’s shares rose almost 20% as buying volume drove the stock
higher. Today’s volume was almost 15 times the stock’s three month daily
average.
All of the buying occurred because the company reported
another great quarter with sales up 4% and earnings up from a $1.6 million loss
to a $2.3 million gain. For the year, sales were up 23% and earnings from a
$319,000 loss to a $4.5 million gain. Investors jumped all over the stock in
the hopes that more reports like today’s are coming.
Management is hopeful that the company is turning it around:
John H. Sottile, President and CEO of Goldfield said, “The results achieved in
2015 represented a major turnaround for our electrical construction operations.
We have made significant strides in both growing our business and improving
operating efficiencies. The foundation we have built in 2015 should position us
well for 2016.”
As for the company’s Bowser Rating, it currently stands at
an 8, but that may go higher once we compile the latest rating over the next
week or so (in time for the March 25 weekly update). An 8 is still in buying
range so you may consider adding this stock if you don’t have it already.
However, be aware that shares are up almost 40% in the past month and may cool
off after the buying surge tapers off.
To learn more about The Bowser Report, visit
https://thebowserreport.com
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