that is what you're missing. Backlog doesn't mean jack shit if the companies can not get the financing to go ahead.
This company has no assets. They depend on these project for revenue and when these projects are put on hold/canceled this company has absolutely nothing.
This is exactly the type of stock you should avoid. Just because it has fallen so quick to these levels it doesn't make it cheap.
Watch and see how their EPS estimates will start turning into losses.
No projects are frozen..I spoke to Investor Relations 2 days ago..they still have not tapped ANY lines of credit they have, all customers are paying on time, NO projects have been cancelled. Do your homework before you open your f*cking mouth idiot.
Hay Romekay, you know you can go to Jail by publishing lies that may affect stock prices. We just need to get CB&I to prosecute, as we can get your IP address from Yahoo.
Stay the hell off this board.
IMO, his comments don't present that kind of issue. I think his point is worth raising; Will many of the backlog projects go forward in this kind of economic environment? The responses are good, again IMO, and it's left to us to individually make our own best judgement of the situation. Isn't that what these boards should be about?
weird, not seeing it here, still adding people, still work to do...
Pray tell, in what office is every project frozen, or are you just trying to squeeze a few more dollars out of a short position.
Where did you get the information that all projects are frozen? I don't think so. Things are bad enough that you don't need to be spreading rumors.
Hedge funds selling and SHORTING are true. Hedge funds short for the hell of it to try and make a profit. No regulations with these bastards.
Most of their customers have cash. Lots of cash. Their customers don't need any financing. The stock is falling primarily because of hedge funds dumping. Hedge funds need cash now and are selling good stocks at any price.