and $20M is in the same class that got cancelled (agri)next qtr will likely be a disaster
credit crunch caused that drop in backlog, credit starting to free up some, look for that to change going forward. This last quarter was probably the worst of it.
their y/y comps will be horrendous to matchthis is not a cheap stock, it's sales have gone up because of the credit bubblehttp://finance.yahoo.com/q/is?s=LNN&annual
Is this (lower backlog) factored into LNN low stock price? Or can it go lower, say <20?A few analyst say at these low price, LNN might be bait for other larger companies.Hard to believe LNN will return to triple digits. The rise and fall of agriculture cause LNN to collapse?