UUU (2.90) Not one I follow closely, but it seems to be recovering nicely. For those who do follow it closely, is there any chance that the sharply lower backlog could be somewhat misleading? Could it just be odd timing? Or lockdowns caused a ridiculously high backlog as things just got backed up? Is it possible this is a perfectly normal backlog as things return to normal?
It doesn't SEEM like that's the case, but I just wonder if it's possible? They make it pretty clear that there were unloading delays, so that created the backlog. How long do their products take to work thru their manufacturing process, etc.?
If anyone is familiar with their business, would appreciate your thoughts.
