Thursday, March 17, 2016

The Bowser Report – Daily Mover Alert March 16

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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