leftfield4sure (39.10)

water based infrastructure bids

January 04, 2009 – Comments (1) | RELATED TICKERS: IR , MLI , ROK

I cant help it Im an optomist;comes from running around sawmills past 30 plus years.One thing in the hardwood lumber industry I have noticed is that successfull companies make money in a down economy.In fact they do better there than in "good market times".Then there is the very short explosion of high profit times when those that have survived and have inventory(standing timber)bought at market lows can realise huge profits exploting the rocket of high demand and low supply;couple that with raw material costs @ suddenly way under market and you have a money making machine.One thing to realise about the hardwood industry is that there not gigantic corporations here due to the nature of land ownership as regards to the placement of the timber recource(average parcel 30 to 50 acres).So a sawmiill with sales of 10 millon is pretty big.So all that said to equate a correlation I see:Take several small cap to mid cap water related companys (value based)who suddenly have their fuel related costs drop their potential for orders skyrocket is a very similar situtation.Two weeks ago I bought MWA CCC CLH NWPX today on average I am 25% ahead seeing that Im a longterm value investor thats getting the foot out the door in the right manner.Currnently am unemployed :mill ran out of logs(wet here in the northeast)so have time for futher research and noticed four other outfits that perked my interest(also value based) ROK IR MLI LAYN and would like the fool based communities thoughts on these.I dont have futher capital at this time but provided some sales of equipment move forward(mill I ran closed 2005 and used sawmill equipment moving at 15- 20% on the dollar)that could change.Caps has been a fundamental research tool for me and would like to harvest some resouces here.

                                                       Regards from the bench in leftfield