I track a few financial indicators. One I look at is ebitda/total liabilities. BCR has always been very strong in this area,but the trend is negative. A year ago the ratio was 1.18,but has declined every quarter until it was .55 at 6-30-11.
In the same year period they've reduced outstanding shares by 10 million,which represents most of the deterioration in the coverage ratio.
I think these guys know their business, and don't get too excited either way. The stock has gone up dramatically over the last 6 months even with the downward adjustment. I think they'll continue to stay focused and grow their business as they've done in the past. Just look at their history.