I'm still hung up on Rockford Hopefully there is another “Rockford” out there. (Rockford being the 60 percent SCC owned company brought to prior Bennett management for purchase in 2010). Prior Bennett management refused to bring the Rockford offer before Bennett shareholders for approval, costing SCC and all Bennett shareholders dearly. A company called Primoris bought Rockford for $83m in November of 2010. (SCC stated they would have sold Rockford to Bennett at a cheaper price). Rockford produced $9m of gross profit for the 4Q of 2010, $35m in gross profit for 2011, and probably more than that for 2012. (In 2012, the “West Construction Services” of Primoris Corp, which includes Rockford, generated $119m in gross profit, but they don't break out Rockford's portion of that number. Bit I think it would be safe to say that Rockford's gross profit for 2012 will be much more than what Benev did in 2012). And Primoris press releases in 2012 announced 4 new Rockford contracts with more than $150m in revenue for Rockford.
As far as how Benev has performed since the management change, yes business is sporadic (at best) and I do wish that they would have been more successful in bringing more stable revenues to the company. That hasn't happened and it is somewhat deflating to see the plant sold for $8m. On the bright side, the company will have $72m in cash to build a business on, they won't be burning cash while waiting for a new treatment contract, and hopefully they will find another deal as good as Rockford, which would have been great for shareholders had it not been for prior Bennett management.