Pike Electric Corp (NYSE:PIKE)
The Company is a third-party provider of outsourced electric distribution and transmission services in the United States.
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Recs
Expect a surge in storm related work. Modest PE and PB. Fundamentals are improving. Price down 21% from 52 week high.
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Rebuilding of the country by many companies that will need the services of PIKE.
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A provider of engineering services to the electrical energy industry. Appears to be a well managed company.
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High volume breakout on 2/7/13
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I feel the construction industry will pick up for the first six months of 2013. This is as far as I can go. I see PIKE at $15 BY June
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Build out the electric grid!
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Well positioned for any new plans to update the nation's electrical grid. Also should see more business with the projected increase in hurricane activity.
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Labor cost saver for utilities when power lines need repair from bad weather-Huricanes,ice storms,etc. Good top management in Eric Pike.
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I have been watching and I also own some shares and it seems to be moving in the right direction
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Does well in bad weather. The electric grid is a mess and these guys have plenty of work fixing, updating and repairing.
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Pike got off to a rough start with its IPO as it tried to digest an acquisition. Electrical infrastructure is in constant need of replacement. Pike is the best provider.
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Jumpin on the band wagon of the big guys.
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