Jul

2

KSW awarded $15.6 million in new contracts

July 2, 2007 | Leave a Comment

KSW announced this morning that it has been awarded $15.6 million in new contracts to install HVAC units at a new development site on the Brooklyn waterfront. The contracts come from a real estate development group headed by Jeff Levine, with whom KSW has already cooperated on several projects.

The news is obviously quite bullish for KSW, as it adds some 15% to their backlog. Additionally, the contract reaffirms the quality of KSW’s work, as they continue to be […]

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Jun

20

Added to KSW at $7.29

June 20, 2007 | 1 Comment

I used the recent pullback of the last few days to increase my position in KSW by about 50% at $7.29. Yes, the insider selling has started again from the CEO, but I’m taking a bit of a contrarian opinion that the stock will be able to absorb the rest of his scheduled sales and move higher despite them. The recent 5% stock dividend was all about adding liquidity for this stock, and I believe the stock is […]

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Jun

14

KSW flashing signs of a breakout

June 14, 2007 | 1 Comment

We are still very early in the trading day, but KSW is flashing signs of emerging from its 6 week long consolidation in the high 6’s. The stock touched a new all time high of $7.75 on volume of over 31k shares early this morning, which is more than the average daily volume of the stock in recent weeks. After a long wait, it appears that investors are beginning to recognize the value that KSW’s stock represents, and […]

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May

3

Revisiting an old holding–buying KSW

May 3, 2007 | 2 Comments

KSW was one of my most profitable holdings last year, but I have been out of the stock since January. However, I have continued to believe that the company has positive prospects, and on the heels of today’s earnings announcement, I believe the company has become too cheap to ignore. Therefore, I have purchased a moderate position at $7.35.

KSW’s first quarter earnings were released this morning, and on first look, they appear to show continued steady growth. […]

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Jan

7

KSW insider sales

January 7, 2007 | Leave a Comment

I blogged on Friday morning that I thought the stock could come under pressure again if the CEO begins to sell. Evidently he’s been waiting for the new year in order to sell, as he sold over 28k shares on Wednesday and 13,900 shares on Thursday. I sold on Wednesday after watching the tape, which led me to pick up on the selling and exit the stock at $7.40.

As the CEO has filed to sell over 200k shares, he is […]

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Jan

5

KSW director resigns

January 5, 2007 | Leave a Comment

Today KSW released news announcing that a board member had resigned for “personal reasons.” Now I’m not going to tell you that the sky is falling, but the news will certainly not help the stock at all. It is currently trading down 3.7%, and seems poised to break the $7 mark.

I’m not highlighting this to pat myself on the back for selling at $7.40, but rather to illustrate how reading the tape on a stock you really know can help. […]

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Jan

3

Took profits on KSW

January 3, 2007 | Leave a Comment

This afternoon I decided to lock in profits on KSW. Having watched the stock all day, I was alarmed at the fact that it failed to move higher despite trading on twice average volume. I watched as sellers consistently sold into the bid, eroding downside support, and more sellers piled on limit orders to sell at higher prices, creating overhead resistance. Additionally, the stock’s P/E has come up from 8 since my buy point to almost 16, which is close […]

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Dec

14

Microcaps on the big exchanges

December 14, 2006 | Leave a Comment

Though the intent of this blog is to focus mainly on Bulletin Board companies that meet a value criteria, I occasionally run across stocks on the major exchanges that merit a quick note here. Today I will just put a note out on KSW and TGIS, both of which I think are undervalued and well positioned for 2007. KSW is a New York City based contracting firm specializing in the installation of efficient heating and cooling units for the commercial […]

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