3SOF

  So To Recap:

Zenex, CERES, and Simon hold the open Task Orders for Mississipi. It appears Simon having also been on the Shaw Task Order for Louisiana is prioritized there, as has Alabama-based LJC Construction.

Sep 7, 2005 Zenex/Carothers get 10 million dollar contract for Ms. Sept. 16, 2005 contract modified up to 20 million President Tim Aduddell states in press release "We are currently approaching 1,000 men working in the State of Mississippi." Sept. 20, 2005 Contract modified again this time to 60 million press release states:

Aduddell has been mobilized and working since September 8, 2005 in the Mississippi Counties of Pearl River, Hancock, Harrison and Jackson. Aduddell has already exceeded more than 80% of the first two task orders totaling $20,000,000.00.

Here is a State map showing the Zenex priority counties:
Pearl River, Hancock, Harrison and Jackson
http://www.gomdot.com/cetrp/ms_coastal_hurricane.pdf

9/11/05 Ceres granted 20 million dollar temporary roofing Task Order. 9/14/05 Ceres awarded 500,000,000 million dollar debris removal  Task Order. Appears as if Simon is doing actual roofing under their own Task Orders in La. and subcontracting "blue roofing" under Shaw.

http://www.waterways.org/MVD9-16-05.htm
"Temporary Roofing.  MVK's second contractor (CERES) will begin installing roofs 17 Sep, and will be assigned to work George, Stone, Green, Perry, Forest and Lamar Counties.

Simon is shown on an 9/18/05 article to be working Ms. from an original 10 million dollar Task Order in the Ms./La. border counties.
http://www.sptimes.com/2005/09/18/Worldandnation/Speedy_relief_effort_.shtml
"Simon Roofing of Tampa, has another 300 to 400 workers in the region."

Yet according to this article dated Sept.30/05
http://www.picayuneitem.com/articles/2005/09/30/news/04trailers.txt
It would appear there is a severe shortage of temporary housing and trailers available for the Gulf Coast, which will limit new subcontractors from being able to station there and get work. In addition, they number of damaged homes appears to substantially greater than initial Core estimates:

"The extent of Katrina's damage exceeds any inflicted on the U.S. to date. There were more than 200,000 housing units in Mississippi's six coastal counties, according to U.S. Census Bureau 2004 estimates. The latest American Red Cross assessment estimates that 103,000 homes, more than 50 percent, on the Mississippi Gulf Coast were either destroyed or received major damage."

http://www.usace.army.mil/
Righthand side of page
Media Roundtables
www.usace.army.mil/transcripts/0926ACE.DOC

MR. BOWMAN:
"The latest numbers that I saw for Mississippi were close to 10,000 roofs that had been completed which was I believe about 40 percent of the total applications that they had received, but those numbers certainly can be confirmed by mike."

MR. LOGUE:
"We've been averaging about a thousand roofs a day, and so we're looking at that mission hopefully being complete within the next month or so."

http://www.mvd.usace.army.mil/hurricane/chr.php?id=MSRFOBlueroof

Service Centers Open: 22-27, depending on need
Mission Requirements: Estimated 35,000
Individual Requests Received (Previous Day): 1,409
Total Requests Received: 30,318
Roofs Installed (Previous Day): 1,646
Total Installed: 13,899
Total Crews: 300+/-
Anticipated Days Remaining: 30 (very weather dependent)

http://bellaciao.org/en/article.php3?id_article=8567
"Dick Taylor, the roofing mission manager for the Army Corps of Engineers, said the average repair to date has been about 1,500 square feet, meaning the companies have on average been getting $2,235 to $2,625 per house"

"The Shaw Group is getting paid the most for installing the tarps, $1.75 per square foot. Simon Roofing's contract calls for $1.72 per square foot, and LJC Construction gets $1.49 per square foot."

Essentially having to go on the figures cross-referenced in these article and prior ones we see that perhaps the Task Orders for Mississipi will have to be increased:

"average repair to date has been about 1,500 square fee"

Total Requests Recieved: 30,318
Requests per Day Averaging: 1,000+

Zenex has stated they have at least 209 crews and over 1,200 workers in the area.
Assuming Simon, Ceres, and Zenex combined totals in Task Orders for temporary roofing are on track and not being switched around in anyway, puts a total figure of 90,000,000 million on the three Task Orders combined.

Mr. Bowman, states that based on ROE's recieved we are about 40% complete as of 9/26/05. Mission Manager Dick Taylor though is quoted as saying the average 1,500 Sq. Ft. costing between $2,235 to $2,625 per house. Leaving 16,419 ROE's to complete as of Friday at an average cost of $2,430 each or $39,898,170.
Adding back finished (in Ms.) to date, 13,899 = $33,774,570. Zenex/Carothers getting aproximately 60%+  of the total dollar amount Task Order work for temporary roofing amounts to a minimum to date collected of $20,647,742.00 or 80% of last years' total revenues for ZENX. The revenues for the six months ended June 30, 2005, were $7,117,365. The amount of revenue the Company expects to realize from work to be performed on uncompleted contracts in progress and from contractual agreements on which work had not yet begun at June 30, 2005 was $7,351,317. Assuming they had two full months to finish the backlogged work, or perhaps are still working those jobs in addition to the "blue roof" contract.  ZENX has at this point exceeded last years' total annual revenue ($35,116,424.00) by 30% and the contract is still going.

Going back to the U.S. Census Bureau data:
"There were more than 200,000 housing units in Mississippi's six coastal counties, according to U.S. Census Bureau 2004 estimates."

Then the USACE estimate only accounts for 17.5% of the homes in the Coastal, lower Mississipi counties. If the number of homes increases 5% Zenex is looking at another 20 to 25 million dollar modification. This of course does not take into account Rita bids submitted for La. and Tx. Nor does it consider actual commercial roof repairs, re-roofing or new commercial roof installation.

Article from Sept. 15/2005 gives an idea of damage first hand:
Given that Biloxi is in a ZENX assigned county (Harrison),
http://www.wlox.com/Global/story.asp?s=3807744

Quoted from the Sun Herald Biloxi 22, 2005:
"Of the 171,000 dwellings in the area, more than 65,100 homes, or 38 percent, are destroyed and an additional 38,000 sustained major damage"
That is only ONE COUNTY ON THE ZENEX TASK ORDER!
http://www6.lexisnexis.com/publisher/EndUser?Action=UserDisplayFullDocument&orgId=574&topicId=100017552&docId=l:313100034&start=28
Cardiff Giant? I'll hold and find out.......

Diggar

You can thank the RB guys for this one jjmcon!

http://www.fema.gov/news/newsrelease.fema?id=19303

Why is ZENX so quiet? FEMA+USACE are doing the Pr-work! LOL
Now they are getting down to EXACT NUMBERS w/without ROE's! YEAH BABAY
should see a modification any day now, 100%? More? Daytraders must hate me by now! NO MORE CHEAP SHARES-EVER AGAIN!

Corps of Engineers Operation Blue Roof Uses Battlefield Technology to Repair Homes Faster Corps Tops 1,600 Temporary Roofs In One Day

Release Date: September 29, 2005
Release Number: 1604-039

Jackson, Miss. -— The Department of Homeland Security's Federal Emergency Management Agency (FEMA) announced that every day more than 1,000 Mississippi homes damaged by Hurricane Katrina area receiving temporary roofs.

The U.S. Army Corps of Engineers, operating under a FEMA mission assignment, has installed 13,899 blue plastic tarpaulin roofs on damaged homes as of Sept. 28. Operation Blue Roof began on Sept. 9.

FEMA announced that the Corps of Engineers has set up 24 Blue Roof Sign-Up Centers in the impacted counties. The Corps of Engineers has set up a live operator toll-free number - 1-888-ROOF-BLU (1-888-766-3258) -- for people to request temporary roof repair.

The Corps of Engineers is using battlefield analysis of aerial photography – combined with census data – to identify specific homes that can be salvaged with temporary roof repairs. The time-saving information is provided to FEMA staff and Corps Planning and Response teams operating in the devastated areas.

The Corps' Engineer Research Development Center's Topographic Engineering Center Team, based in Alexandria, Va., analyzes aerial photographs against census grids to target damaged homes that can receive the temporary repairs necessary to allow people to return to their homes.

The Engineering Center Team provides an aerial view of the information and a map to identify the location by using the latest technology created for soldiers in topographic teams on the ground.

Knowing which homes needed repair and can be salvaged before going in to assist helps FEMA and the Corps save time and money. With the deployment of this battlefield technology, FEMA is able to get people back into their own homes more quickly. The aerial photography analysis has saved FEMA and Corps of Engineers many hours that would otherwise have been spent inspecting homes individually.

The data is dispatched to the more than 200 crews deployed in the field by the Corps for roof repair. The Corps is averaging well over 1,000 temporary roofs installed a day on homes that can be repaired. The Corps reported that 1,646 temporary roofs were installed yesterday, Wednesday, Sept. 28, up from the 1,440 temporary roofs installed on Sept. 27.

An estimated 37,000 roofs will be repaired by the time the mission is accomplished in the next 30 to 40 days. A total of 3 million square miles of the now familiar blue plastic roofing will eventually be installed. Requests for approximately 30,318 temporary repairs have been filed with Operation Blue Roof.

EDITOR'S NOTE: Media interested in embedding with a Corps roofing team can contact Frank Worley at 601-831-3053. Media interested in more information on the battlefield technology deployed to identify roofs that qualify for temporary repair can contact Karen Roberts at 337-281-5663 or email at [email protected].

I think I'll call my local media outlet and tell them I have a breaking story I've been developing on the blue roof project in Ms.
Diggar

waiting for modays price action...
congrats to all you have already traded ZENX

updated chart:

ZENX REPORT:


http://www.gsbllp.com/Zenxreport.pdf

  To get people thinking! Man, doesn't anyone trading ZENX know some roofers?

http://www.gsbllp.com/equityresearch/er.html

This pick is so strong its' killin' me. No guts No glory! I love it! This site is great, thanks to xlifelive for alerting me to it!

http://www.mvd.usace.army.mil/hurricane/CT/W912P905D0521.pdf
Original Contract Zenex/Carothers USACE/FEMA

Pg. 92 section 00800-special contract requirements
The geographic area covered by this solicitaion is: Lousiana and Mississipi.

Pg. 102 Item 5.1
The Government will furnish reinforced polyethylene plastic sheeting (minimum 9 mil thickness)
in the prefered 20' by 100' rolls, or any other available size.

Pg. 104 PAYMENT
8.1 Submittals will be paid in a lump sum.
8.3 The plastic sheeting shall be paid by the area of the roof covered in square feet.
8.7 The contractor may invoice for actual costs associated with travel for the Operations to deploy pre-disaster or travel as required. Such costs will be negotiated with the award of first task order. 


From the T.V. interview:
"WE HAD SUBMITTED A PROPOSAL
TO THE CORPS OF ENGINEERS ABOUT
60 DAYS PRIOR TO THE STORM
HITTING"

In other words, trained roofers make up 75%!
"WE HAVE ABOUT 25% OF THAT 1,200,
ARE LOCAL MISSISSIPPIANS WORKING
ON THE TEMPORARY ROOF SITUATION
RIGHT NOW GROWING DAILY"

That my friends is a phenomenal amount of trained roofers to have, for a hoobok no-nothing Oky-OTC company!

http://159.54.227.3/apps/pbcs.dll/article?AID=/20050930/NEWS/509300313
http://bellaciao.org/en/article.php3?id_article=8567
"Dick Taylor, the roofing mission manager for the Army Corps of Engineers, said the average repair to date has been about 1,500 square feet, meaning the companies have on average been getting $2,235 to $2,625 per house"

Divide the 75% of the roofers in five man teams...180 crews each putting a blue roof on, in less than one hour, all day long between the assigned hours of 7 a.m. and 7 p.m.!

Average based on reports, 1,500 Sq. ft. per home at a price of $2,430.00 each.

Fully ramped up with the area cleared of debris, 180 five man crews each headed out at 7 a.m. performing one job per hour=$437,400.00 per hour!

Billing out at over five million dollars a day! 12hrs $5,248,800.00!

Explains why the SMALLEST company on the temporary roofing orders is billing, $900,000.00 a day- LJC Construction. Assume even 4 hrs per crew is time spent driving, lunch whatever. You still get incredible revenue-per hour and profit-per hour!

$3,499,200.00 a day billable work. Go even farther, assume they are poorly managed (not) cannot control costs, and only 10% is profit....Again on contracts other roofers are calling unbelievably high.....Minus Carothers cut, bonding/insurance, ODG's percentage, they still take in 60% of the total revenue.

So even 10% on 60% of $3,499,200.00 a day....200 GRAND A DAY+PROFIT!

There will be more profit the quicker they complete contracts and the longer these contracts go on, ie: more efficiency as the areas are cleared out, reason for having the bulk of your force be trained guys on payroll or committed to the company with incentives. With a single roll covering most of the house at $1.65 a Sq. Ft.! Come on, no way it takes longer than an hour....

There is no speculation built into this stock at these prices, none at all. In fact it is undervalued. Posted today on the RB,

http://www.swf.usace.army.mil/pubdata/hurricane/ContractorPublicDetail.asp?I=337
Aduddell Management
Geographic location where your firm is located: Texas Gulf Coast Area
Interest in performing work as: Prime Contractor
Temporary Roofing (Bonding Capacity: 10,000,000.00)

......and I continue to get shares under a buck?



;DYeediggar very, very, very happy!

  SHHHH...I'm trying to get in at .80...almost made it today. 

  Who gave me all those .88 shares today? Got anymore?


http://www.fema.gov/news/newsrelease.fema?id=19328
"Hurricane Rita has left an estimated 20,000 Texas Gulf Coast structures in need of some sort of roofing assistance. The Department of Homeland Security's Federal Emergency Management Agency has assigned the Operation Blue Roof mission to the U.S. Army Corps of Engineers"

Hmmm 20,000x1,500x$1.65.....

http://www.swf.usace.army.mil/pubdata/hurricane/ContractorPublicDetail.asp?I=337
Aduddell Management
Geographic location where your firm is located: Texas Gulf Coast Area
Interest in performing work as: Prime Contractor
Temporary Roofing (Bonding Capacity: 10,000,000.00)


Silly daytraders! If last year they profited 1.5 mil with 11mil on three hurricane contracts, what is stopping them from profiting 16 to 19 mil this year?

Cause, that would give 'em like .40 a share profit and a pps of $5.00+!
That is only 19 million dollars profit, or if you divide 35,000 roofs.....$550.00 profit a roof? You guys keep bringing the price down and I'll be getting my average to .80, or twice what they will report in earnings this year!

Gosh beave, that seems quite possible when the USACE/FEMA are paying $2,430.00 per roof!

Going back to the U.S. Census Bureau data:
"The extent of Katrina's damage exceeds any inflicted on the U.S. to date. There were more than 200,000 housing units in Mississippi's six coastal counties, according to U.S. Census Bureau 2004 estimates. The latest American Red Cross assessment estimates that 103,000 homes, more than 50 percent, on the Mississippi Gulf Coast were either destroyed or received major damage."

Quoted from the Sun Herald Biloxi 22, 2005:
"Of the 171,000 dwellings in the area, more than 65,100 homes, or 38 percent, are destroyed and an additional 38,000 sustained major damage"

http://seattletimes.nwsource.com/html/nationworld/2002530403_canetarps30.html
"In normal circumstances, Lowery said, his company would charge $300 to tarp a 2000-square-foot roof in Austin. For that same size job, the government is paying $2,980 to $3,500, or about 10 times as much, plus additional administrative fees that can't be readily calculated.

$500.00 to send some roofing contractor out to a do a roof, 40% of $2,430.00 to Joint-Venture partners, so....$472.00 to tell Joe roofer to go to 4132 canary street and put a tarp on it.

Wish I had that work. Heck, i'd be happy with $150.00 an hour to roll a tarp out and tack it down with a nail gun!!!

Cannot wait to find out what the backlog on actual roofing work is.......

Canuck canuck Ha Ha! Yippie!

AMAZING!

Yee=Glee

How is putting a tarp on a house 're-roofing'?

Isn't re-roofing, renewing the structure (wood), then fixing the drywall/electrical, then the top layers (shingles etc?)

Laying down a tarp is what Zenx does?  I thought they were a 'roofing' company and not a tarping company?

Just trying to understand what Zenx actually does. 

  They have a contract to put on temporary roofing from the USACE/FEMA for the damaged afflicted areas in Ms. and La. from Katrina. They are a commercial roofing company that specializes in commercial re-roofing and new installations.

Original USACE contract:
http://www.mvd.usace.army.mil/hurricane/CT/W912P905D0521.pdf

Some news?

http://www.shreveporttimes.com/apps/pbcs.dll/article?AID=/20051003/NEWS01/510030311/1002/NEWS
Blue roofs dot New Orleans
October 3, 2005
By Jennifer Brooks
and Mike Hasten

NEW ORLEANS -- New Orleans is becoming a city of blue roofs.

Bright blue tarps are going up on roofs all over the city as residents rush to cover the damage left by Hurricanes Katrina and Rita. The Federal Emergency Management Agency and the U.S. Army Corps of Engineers expect to put up at least 68,000 more temporary roof tarps,

As of this weekend, some 13,413 blue roofs have been installed at government expense.

By Saturday, 32,744 people had signed up for FEMA's Operation Blue Roof. On homes where at least 50 percent of the roof is still intact, FEMA will hire contractors to install heavy blue tarps on the roof, tough enough to keep the water out for months until homeowners can arrange to have the roof repaired permanently.

http://bellaciao.org/en/article.php3?id_article=8567
"Dick Taylor, the roofing mission manager for the Army Corps of Engineers, said the average repair to date has been about 1,500 square feet, meaning the companies have on average been getting $2,235 to $2,625 per house"

Puts the total now expected in dollars, at over 165 million worth of blue roofing for New Orleans Alone.---Yeediggar

http://www.prleap.com/pr/16199/
News Released: October 04, 2005
GSB Capital Partners Provides a Focus Point on Zenex International, Inc.

(PRLEAP.COM) Southfield, MI October 2005

Analysts at GSB Capital Partners have initiated coverage on Zenex International.

In a research note published today, the analysts mention that the most recent contract in the sum of 60 Million Dollars from the Army Corps of Engineers on the 20th of September 2005 provides a compelling case for the upward price movement of the stock. ZENX is listed on the OTCBB

GSB Capital Partners provides viewpoints with no Buy or Sell side conflicts on stocks reported. GSB Capital Does not hold a position in the stock mentioned.


Shamefull quick pump.....

Quoted from the Sun Herald Biloxi 22, 2005:
"Of the 171,000 dwellings in the area, more than 65,100 homes, or 38 percent, are destroyed and an additional 38,000 sustained major damage"
That is only ONE COUNTY ON THE ZENEX TASK ORDER!
http://www6.lexisnexis.com/publisher/EndUser?Action=UserDisplayFullDocument&orgId=574&topicId=100017552&docId=l:313100034&start=28


Definitions of modification:
change: an event that occurs when something passes from one state or phase to another; "the change was intended to increase sales"; "this storm is certainly a change for the worse"; "the neighborhood had undergone few modifications since his last visit years ago"

A change to the terms of a contract.



Yeediggar

The two original Task Orders for Ms. were 60 million to Carothers/Zenex and 20 million to Ceres for temporary roofing under the "blue roof" program.

*note: No Simon Roofing appears on the Ms. Blue Roof!

http://www.mvd.usace.army.mil/hurricane/chr.php
Operation Blue Roof Team Reports
Oct. 4, 0900
Contractors:
Carothers Construction, Ceres Environmental

Service Centers Open: 22-27, depending on need
Mission Requirements: Estimated 35,000
Individual Requests Received (Previous Day): 1,275
Total Requests Received: 36,334
Roofs Installed (Previous Day): 905
Total Installed: 20,638
Total Crews: 450
Anticipated Days Remaining: 30 (very weather dependent)

Based on average per-roof dollar figures quoted:
"Dick Taylor, the roofing mission manager for the Army Corps of Engineers, said the average repair to date has been about 1,500 square feet, meaning the companies have on average been getting $2,235 to $2,625 per house"

$2,430.00 per home 36,334 request received....

$88,291,620.00! We are now past the Task Order allotments and about to see a modification on the original Task Orders.

Note too from FEMA:
Look at the pictures provided, shows blue roofing covering the sides of buildings as well as the roof.

http://www.photolibrary.fema.gov/ph...ginal/16068.jpg

http://www.photolibrary.fema.gov/ph...ginal/16093.jpg

http://www.photolibrary.fema.gov/ph...ginal/16042.jpg

http://www.photolibrary.fema.gov/ph...ginal/15762.jpg

http://www.photolibrary.fema.gov/ph...ginal/15761.jpg

http://www.photolibrary.fema.gov/ph...ginal/15469.jpg

http://www.photolibrary.fema.gov/ph...ginal/14705.jpg

Additional note:
On the USACE sites they are now awarding debris removal to first responders,
may explain why Zenex/Aduddell is listed as applied for temporary roofing and debris removal,

http://www.swf.usace.army.mil/pubda...etail.asp?I=337
Aduddell Management
Geographic location where your firm is located: Texas Gulf Coast Area
Interest in performing work as: Prime Contractor
Debris Removal
Temporary Roofing (Bonding Capacity: 10,000,000.00)

9/11/05 Ceres granted 20 million dollar temporary roofing Task Order. 9/14/05 Ceres awarded 500,000,000 million dollar debris removal Task Order. Appears as if Simon is doing actual roofing under their own Task Orders in La. and subcontracting "blue roofing" under Shaw.

http://www.govtech.net/magazine/channel_story.php/96853
Corps of Engineers Uses Aerial Photography Technology to Repair Homes Faster
Oct 04, 2005 By News Staff

The Department of Homeland Security's Federal Emergency Management Agency (FEMA) announced that every day more than 1,000 Mississippi homes damaged by Hurricane Katrina area receiving temporary roofs.

The U.S. Army Corps of Engineers, operating under a FEMA mission assignment, has installed 13,899 blue plastic tarpaulin roofs on damaged homes as of Sept. 28. Operation Blue Roof began on Sept. 9.

The Corps of Engineers is using battlefield analysis of aerial photography -- combined with census data -- to identify specific homes that can be salvaged with temporary roof repairs. The time-saving information is provided to FEMA staff and Corps Planning and Response teams operating in the devastated areas.

The Corps' Engineer Research Development Center's Topographic Engineering Center Team, based in Alexandria, Va., analyzes aerial photographs against census grids to target damaged homes that can receive the temporary repairs necessary to allow people to return to their homes.

The Engineering Center Team provides an aerial view of the information and a map to identify the location by using the latest technology created for soldiers in topographic teams on the ground.

Knowing which homes needed repair and can be salvaged before going in to assist helps FEMA and the Corps save time and money. With the deployment of this battlefield technology, FEMA is able to get people back into their own homes more quickly. The aerial photography analysis has saved FEMA and Corps of Engineers many hours that would otherwise have been spent inspecting homes individually.

The data is dispatched to the more than 200 crews deployed in the field by the Corps for roof repair. The Corps is averaging well over 1,000 temporary roofs installed a day on homes that can be repaired. The Corps reported that 1,646 temporary roofs were installed Wednesday, Sept. 28, up from the 1,440 temporary roofs installed on Sept. 27.

The Corps of Engineers has set up 24 Blue Roof Sign-Up Centers in the impacted counties. The Corps of Engineers has set up a live operator toll-free number - 1-888-ROOF-BLU (1-888-766-3258) -- for people to request temporary roof repair.

An estimated 37,000 roofs will be repaired by the time the mission is accomplished in the next 30 to 40 days. A total of 3 million square miles of the now familiar blue plastic roofing will eventually be installed. Requests for approximately 30,318 temporary repairs have been filed with Operation Blue Roof.

http://www.prleap.com/pr/16199/
News Released: October 04, 2005
GSB Capital Partners Provides a Focus Point on Zenex International, Inc.

(PRLEAP.COM) Southfield, MI October 2005

Analysts at GSB Capital Partners have initiated coverage on Zenex International.

In a research note published today, the analysts mention that the most recent contract in the sum of 60 Million Dollars from the Army Corps of Engineers on the 20th of September 2005 provides a compelling case for the upward price movement of the stock. ZENX is listed on the OTCBB

GSB Capital Partners provides viewpoints with no Buy or Sell side conflicts on stocks reported. GSB Capital Does not hold a position in the stock mentioned.

http://www.swf.usace.army.mil/pubdata/hurricane/ContractorPublicDetail.asp?I=337
Aduddell Management
Geographic location where your firm is located: Texas Gulf Coast Area
Interest in performing work as: Prime Contractor
Debris Removal
Temporary Roofing (Bonding Capacity: 10,000,000.00)

http://www.fema.gov/news/newsrelease.fema?id=19281
Louisiana Blue Roof Has Begun:
The Corps of Engineers' Operation Blue Roof has 379 people installing plastic sheeting to patch damaged roofs to provide temporary shelter in five parishes hardest hit by Katrina. To date more than 6,500 temporary roofs have been installed.

http://biz.yahoo.com/bw/051002/25038.html?.v=1
Corps of Engineers Brings Good News for Homeowners, Blue Roofs Are on Their Way
Sunday October 2, 12:20 pm ET

FORT WORTH, Texas--(BUSINESS WIRE)--Oct. 2, 2005--Hurricane Rita will soon have another visual identifier, as familiar blue plastic coverings begin to appear on the roofs of damaged structures. Another clear sign that a hurricane has come ashore in Texas.

Quote from: ehos on October 04, 2005, 04:08:56 AM
How is putting a tarp on a house 're-roofing'?

Isn't re-roofing, renewing the structure (wood), then fixing the drywall/electrical, then the top layers (shingles etc?)

Laying down a tarp is what Zenx does?  I thought they were a 'roofing' company and not a tarping company?

Just trying to understand what Zenx actually does. 

ehos,

ZENEX/Aduddell Roofing normally does commercial/industrial roofing work.  They also do disaster recovery work (storm/hurricane damage) for residential houses where they apply temporary "blue" tarp roof.  This temporary tarp roof keeps the house dry while damage recovery/reconstruction work takes place.  Of course, the damaged roof with blue tarp will eventually need to be re-roofed.  And that's what 80% of $60 million USACE contract was for - temporary blue tarp roof.

What gets yeediggar so excited is that damage assessment for hurricane Rita determined the need for additional "blue" roofs, which probably will be installed by current roofing contractors.  Although there has been no new contract announcements for ZENEX/Adduddell Roofing/Carothers Construction, why would USACE reinvent the wheel when they got trusty old friends.  USACE used ZENEX/Aduddell with previous hurricane damage recovery work and was satisfied with the quality and speed of work provided, and that's why ZENEX/Aduddell got the Katrina contract.

I am not sure if ZENEX/Aduddell will pursue any residential re-roofing work, but there were plenty of commercial/industrial roofs that were damaged.  I am quite certain that ZENEX/Aduddell will try to line up repair/re-roof work for those.

Hi !

Bullish Engulfing !



Good luck.
Evgeny.

Here's an update on Katrina/Rita contracts:

http://news.yahoo.com/fc/us/hurricane_katrina

Appears that the USACE is trying to look more impartial on these contracts. They awarded 12 mil to a smaller company for Pascagoula which is now showing added to the Ms. blue roof page. Yet still there are more homes listed from the original estimate than covered by the last modified Task Order award.

LJC is listed as (appearing as) Prime Contractor for Texas/Rita work. I do not feel Zenex will even bother as LJC is the lowest bidder on any of these contracts $1.49? Nearly .20 less than what Zenex is getting in Ms. I still see possibility for a modification on the original task order, and that order did list La. as well, so they could be assigned to New Orleans which has more than 165 million dollars worth of blue roofing to do, and Shaw is Tasked at 100 million.

My belief is Zenex cannot move past its' bonding levels when the contracts were awarded, so they will head into La. next. I feel that is also part of why LJC got the Texas Rita work. Rita work for La. is still open and I see a good possibility of Zenex getting that bid.

Pullback today marks triple bottom, good entry point while we wait for news of contract completions or modifications and of course the Q.

Either way company is still undervalued based on profit estimates and an easy short-term or long-term pick.

---Yeediggar