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Versar Inc. Message Board

  • roboklerk roboklerk May 11, 2009 2:39 PM Flag

    Anyone Hearing Noises

    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?

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    • bruceurquahart@rocketmail.com bruceurquahart May 11, 2009 2:54 PM Flag

      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.

      • 1 Reply to bruceurquahart
      • 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.

 
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