RE:Forecasting; let's box winter up. best years ahead.I purchased Polaris shares a couple of year ago believing the volume would increase as the cycle was picking up for aggregates in California and prices, should have increased meaningfully. Heck, I taught this was a no brainer. And with POLB coming on board shortly, volume would pick up even more.
Now, we have POLB And volumes/prices are not that great. Seems to me that POLB is getting squeeze by their clients as they sell to a few majors and these are squeezing their balls. Or they do not have the right partner with Cemex. Or whatever.
But for whatever reason, it is alway, wait till next quarter, till next year. I am loosing patient. If they can f, up their guidance for one month, issued on the 1st of march, when they should have boats lined up, these guys can in now way compete against the big boys. They will be getting eaten alive.
They do not seem to have any urgency in executing, The hard rock production will be late. Anybody want to bet on this.
And what will happen when the cycle turn down ? They will be crushed. The first ones...
Anyway, all agg players are rocking, share price are going up and PLS is going down. Go figure. Market might be wrong, unless it figured them out. So far, not impress.
And wait for next board meeting. Expect anoter option programm attempt to reward management for the nice job. We are cashflowing !!!! And we will get diluted.
Anwyway, am about to pull the plug. Great story, great assets but poor execution. The time risk e.g. cycle, is getting bigger and bigger