They don't report backlog because whatever backlog they have isn't very old. They only report orders throughout the quarter instead of a one day snapshot of backlog at the end.
The problem with my visit is that it was at the very beginning of Q3 so it`s tough to gage how the Q will be. On the one hand every indication from them is that boom times are ahead and will continue. On the other hand the CFO warned me that things can turn south without warning very fast in this business.
That said, he made it very clear to me that he "thinks" the stock is going much higher this cycle as his options trading plan has an automatic sale at $6 but he won't sell any shares at that price because he thinks that`s too ridiculously cheap. He said the only reason he has anything for sale at $6 is because it`s the portion that's part of his compensation.
All that said, I get the feeling Q3 will be eveb stronger because of third party deals for starters. It seems like the industry and especially their niche has a lot of catching up to do in terms of meeting demand, and with one of their key competitors belly up it should continue to be a wild party for them is my WAG.
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