4) Avid's backlog is bigger then its turn over, that must be included in the multiplication because it is SIGNED business with a fine if the orders would be cancelled.
Really a penalty? You have seen these contracts?
Avid is nothing special. A perfectly fine boring mfg. company except for the pphm overhead which is an anchor. Anyone with capital can reproduce avid. And the little issue of overdependentbeing on a couple of customers, a huge red flag, is conveniently omitted.