I'm not in a position to add right now....but wish I could. The negative of the report yesterday was the gross margin....which was explained in the report. It sounds like any margin pressure will end this current quarter.
Positives.....a year ago 2 customers accounted for 72% of sales.....this quarter just reported was 58%....so their other programs are ramping. That's supported too by the 4% increase in the YOY sales number.
Backlog is up.....there's a solid floor of tangible book value well above the price today in the low 5s....and a boatload of cash with no debt.....and the outlook is good.
This is where I started buying a recent while back and I sure wish I could take advantage of this selloff today. IMO, over the next year, at some point, investors are going to make some money on this one, IMO. I would have like to see better margins this time.....it seems things got pushed back a bit....but the company has deep value in the meantime.
No activity on this board much....so just shootin' the breeze for now.