2012 EPS estimated to be $0.31 (PE of > 70) 2013 EPS estimated to be $0.80 (PE close to 30)
This is trading at close to a PE of 30 close to two years out. Not to mention the risk of the Euro collapsing and Euro zone entering adeep recession, which may happen. A third of revenue is tied to the Eurozone. Prospects look good in the US for nat gas and FSYS will probably benefit, but valuation is still very rich, especially with Europe overhang. Euro devalues, and earnings (measured in $s) also drops.
Plus FSYS technology is not that distinguished, which is why you see the razor thin margins.