Down close to over 4% Friday and down over 5% today. This reminds me of last quarter when they kept delaying the earnings release and the stock tanked for a few days before they announced a big earnings miss.
This is exactly what I was thinking. This stock this quarter didnt start puking until the downgrade the other day. The day before that we were at 8.6 and looked primed to close the Gap. Now were back below the Miami Deepening Project win. This stock should be trading much higher and this price action is baffling. They should have quite the impressive backlog when they report next week. Hard to tell if these prices are a gift or setting us up for disaster like last earnings.
been tracking this for awhile, bought in then bailed short term as there was just too much negativity surrounding the books. Hinky is the only way to describe it. My money migrated to places with open and acceptable acounting.
Just a quick glance at what they do and the backlog says they "Should" be swimming in the dough...and yet???