magicjs Thursday, 05/16/19 03:24:03 PM Re: geodan post# 44 Post # of 49 Backlog still decreasing which is concerning. This is screaming for a leveraged buyout even after last quarter though. Check out their real estate too. The Spitz building is worth 5mm and they have a mortgage balance of 1.5mm. Lot of things you can do here. They are not using capital efficiently.