OTCPK:PILBF - Post by User
Post by
seatleslimon Aug 25, 2017 12:06pm
144 Views
Post# 26621794
50% downtown sfo markets share
50% downtown sfo markets sharehttps://thesfshipyard.com/
Can't help but believe it's closer to 100% for work like this in this location, which is basically on top of pier 92. I think there is possibly a perception that Polaris misses the "cycle". Who can be sure, but I think this is more a structural market share story unique to San Francisco and la. These projects are close to fruition and have been in the works for more than 10 years. They don't include the 1 million tons of work on the next 18 mos refer mixed on the conference call. Doesn't included Treasure Island in San Francisco, California FAST act, olympics. There is a milti-year runway of work here that just does not seem that sensitive to the general economic cycle. And they really haven't enjoyed the benefit of any supply distruption yet.
They have one one of the largest sand/gravel pits on the west coast of North America, yet nobody seems aware. Continue to hope I'm not missing anything. I understand it would be great to have more in place cash flow, but markets are supposed to be a little better at discounting fairly high-probability future.