about decline in backlog versus December 2008? Just saw it in the 10Q. I suppose these things fluctuate, could reflect timing issues, or maybe even turning down of lower margin work perhaps? Any guesses?
It really should be no surpise; they will be seeing a sharp decline in backlog. The company will most likely be rolled-up in Iraq by end of this quarter or next with no follow-on and the future in Afghanistan is pretty bleak as well.
looks like the backlog number killed the buzz. Still think operating margins are more important, and they were much improved over recent quarters. Nevertheless, I suppose some fund managers use order rates and backlog numbers as leading indicators of when to lighten positions. Stock always runs a bit higher on good EPS, then consolidates. Guess everything has to be up: revs, operating margins, net margins, backlog, order rates, outlook to get a rally that holds. Too many people trading around positions in this stock. I still think it was a good report.