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Re: otcbargains post# 14728

Thursday, 11/12/2015 1:34:13 PM

Thursday, November 12, 2015 1:34:13 PM

Post# of 114826
Do you think it's fair to assume they won't write a single dollar of new business to be worked in the next year? For example, in 2014 they went into the year with approx $74.5M of backlog. I don't think it's terribly useful to assign a multiple to their backlog as there are a lot of variables involved. They could write new business and a large chunk of their backlog is up for renewal and could be pushed forward.

Also I would have to independently verify your profit margin assumptions there because in the TTM ex-Texas they have now made $.29/sh
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