Company missed for first time in 8 or 9 quarters and guided lower. Operating leverage goals not achieved. Could be at the top ready to roll downhill like the homebuilders were a year ago.
Company has used most of its retained earnings to buy back stock so it has a weak balance sheet with roughly $2.50-$3.00 in book value per share, not much of a cushion if orders and earnings start dropping.
Appears to be a very expensive cyclical company at this point in time.