Oktoberfest Top 5

[mrmarket]

Here's the new top 5:

ASFI CBK ESMC MTRX RRGB

I'll buy one of these on Monday...

Which one do you like??

[stenzrob]

MTRX looks good to me, but is volatile.

Good luck with whatever you decide.

[mimo_100]

Re: Oktoberfest Top 5

Here's the new top 5:

ASFI CBK ESMC MTRX RRGB

I'll buy one of these on Monday...

Which one do you like??

I'm a couple of Top 5's behind. I'm thinking of
buying some HELE from the 9/2 group or maybe
some MAXF from 10/15.

MTRX looks interesting from this group.

Timo

[Gatorper]

Oktoberfest Top 5

• Mr. Market
  ESMC MTRX ASFI RRGB CBK

Ernie, I bought ESMC that was in your previous top 5 picks. ESMC is among the top performing area stocks in the third quarter. However, I await your new pick, if it is other than ESMC.

:P

[carlton02]

here are five that MFOOL recommends

EASI
FDS
GRMN
USNA
SSYS
I wll apply due dilligence to your five today
Good Luck on your pick and as always --Your the MAN!

PS
I am so glad that I found you and your new web site---I can say that YHOO really messed up by not being more forth coming with what the problem was. We did have the right to know. IMHO

God Bless
Madmax

[carlton02]

ERNIE

Here is my opinion on MTRX---wow what a buy-
reason-rank 7 by IBD
Second Opinion--BUY
And I cut and paste below to back up my recommendation!
What say you?
Madmax

Matrix Service Co. (Nasdaq: MTRX), a leading industrial services company today reported total revenue for the first quarter ended August 31, 2003, rose 195.6% to $158.8 million compared to the $53.7 million recorded in the first quarter a year ago.

Net income for the first quarter of fiscal 2004 climbed 145.2% to $3.9 million, or $0.45 per fully diluted share, from $1.6 million, or $0.19 per fully diluted share, in the first quarter a year ago. Gross margins on a consolidated basis were 8.8% versus 12.0% reported for the first quarter a year ago.

Revenues for the Construction Services segment rose to $123.4 million in the first quarter of fiscal 2004 from $29.9 million in the first quarter of fiscal 2003. The increase was due to significantly higher construction work on the east coast primarily from the Hake Group of Companies, which was acquired by Matrix in March, and to continued growth in construction revenues from Matrix's west coast operations, offset somewhat by declines in new tank construction and product sales. Construction Services' gross margins were 8.7% in the first quarter versus 13.4% in the first quarter of fiscal 2003 due to the inclusion of lower margin Hake work in the mix of business including two large power projects and a Chapter 11 filing on September 30, 2003 by one of Hake's customers, lower margins on new tank construction and lower volumes of product sales.

Revenues from Repair and Maintenance Services advanced 48.7% to $35.4 million in the quarter from $23.8 million in the first quarter of fiscal 2003. The increase of $11.6 million was due primarily to the inclusion of Hake's repair and maintenance service activity and moderate growth in tank repair and maintenance work. Routine plant maintenance and turnaround activity, although up from last year's very low level, remained soft. Gross margins were 9.0% in the quarter versus 10.5% in the first quarter a year ago, as a result of lower margin Hake repair and maintenance work and lower than expected routine plant maintenance and turnaround activities, which were insufficient to cover the higher fixed cost structure resulting from Matrix's geographical expansion last year.

Brad Vetal, president and CEO of Matrix Service said, "The Company is reaping the benefits of the Hake acquisition which was consummated on March 7, 2003. The environment for capital work is very positive both for work under contract and bidding activity. The Construction Services' backlog at the end of the quarter was $207 million. Repair and Maintenance Services remain soft although we are anticipating a pick-up by the middle of our fiscal year, particularly in turnaround work, which should have a positive impact on our gross margins."

Vetal added, "Revenues exceeded our expectations due to higher costs on a major power project that was contracted on a cost plus fixed fee basis and the dissolution of a joint venture during the first quarter as the work being performed was included in consolidated revenues versus the unconsolidated joint venture."

In commenting on the prospects for the rest of the year, Vetal said, "Although Matrix is anticipating record results for fiscal 2004, we are still concerned with the slow activity in repair and maintenance and the final outcome of our customer's Chapter 11 filing. As a result, we are holding our earnings guidance for fiscal 2004 at a range of $1.50 to $1.65 per fully diluted share despite very strong earnings in the first quarter of fiscal 2004. Revenues are anticipated to be in a range of $525 to $550 million."


About Matrix Service Company

Matrix Service Company provides general industrial construction and repair and maintenance services principally to the petroleum, petrochemical, power, bulk storage terminal, pipeline and industrial gas industries.

The Company is headquartered in Tulsa, Oklahoma, with regional operating facilities located in Oklahoma, Texas, California, Michigan, Pennsylvania, Illinois, Utah, South Carolina, Washington, and Delaware in the U.S. and Canada.

[JrInvestor]

I like ASFI of the 5. Jr is having too many beers to think about why. But the statistical analysis indicates ASFI is the best.
Hopefully offer a better analysis on Sunday night.

Jr.