OTCPK:PILBF - Post by User
Comment by
seatleslimon Apr 13, 2016 12:08pm
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Post# 24761869
RE:Sales update is disapointing. Full year outlook looks solid
RE:Sales update is disapointing. Full year outlook looks solidI'm long and my biases are aligned that way, but I don't consider this disappointing in that q1 sales have been all over the place for several years. What's interesting is how they are communicating. They made a projection and updated and explained the deviation immediately. They are making a further projection with more specific details on how they arrive at the number. They are also disclosing specific projects. Meanwhile there is a new large ready mix plant being planned for Redwood City. Agg mentioned the CEMEX sand mining south of silicon valley. Just google Baykeepers Hanson Sand mining for further color. This supply is immediately adjacent to pier 96, even if it is inferior reactive material. I like that the projection is specific enough to infer expected accountability. Our asset is covering cost and generating some cash. I think the asset will be better understood in the months to come with the new communication protocol. Disappointed in where the stock is, and wouldn't be the first time.