Wall Street is entirely too focused on current earnings, as noted by Ben Graham. So when a company shows declining earnings on declining revenues, the stock price will take a hit, even if the declines are purely cyclical. For example, consider the quarter-by-quarter revenue chart for KSW Inc.[More...]
KSW Inc. (KSW) provides ventilation and piping systems to owners of industrial, commercial and residential buildings in New York City. This is an inherently cyclical business, as the company is reliant to a large extent on new construction in pretty much the only city in which it operates, and <a[More...]
KSW, Inc. (KSW), an installer of heating, ventilation, air conditioning (HVAC) and process piping systems, and provider of engineering services in New York City, reported second quarter financial results this morning. Revenues increased 13.9% year over year to $22.0 million. Net income increased 28% to $1.1 million, or 17 cents per share, vs. [...]
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